{
  "url": "https://openlegislation.uk/judicial-pensions-regulations-2022/regulation-60",
  "json_url": "https://openlegislation.uk/judicial-pensions-regulations-2022/regulation-60.json",
  "legislation": "uksi/2022/319",
  "legislation_title": "The Judicial Pensions Regulations 2022",
  "legislation_url": "https://openlegislation.uk/judicial-pensions-regulations-2022",
  "path": "regulation/60",
  "kind": "regulation",
  "number": "60",
  "heading": "Option to commute part of pension",
  "text": "(1) A member who becomes entitled to the immediate payment of a retirement pension under this scheme may opt under this regulation to exchange part of the pension for a lump sum.\n(2) An option under this regulation may only be exercised before the first payment of the pension is made.\n(3) Where a member exercises the option mentioned in paragraph (1), for every £1 by which the amount of the member’s annual rate of pension is reduced, the member must be paid a lump sum of £12.\n(4) A member may not exchange pension for lump sum under this regulation to the extent that it would result in more than 35.7% of the member’s pre-commuted pension being exchanged for the lump sum.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 60 in force at 1.4.2022, see reg. 1(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/319/regulation/60",
    "retrieved_at": "2026-10-28T22:02:21.380450+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}