# The Local Government Pension Scheme Regulations 1997 (Amendment) Regulations 1998, Paragraph 14


In paragraph 2, insert after sub-paragraph (7)–
“(7A) Subject to sub-paragraph (7), the aggregate benefit payable by way of lump sum must not exceed the lesser of–
(a) three times the initial pension paid to the member under Part II and Part III excluding Chapter IV of Part III, and
(b) one and a half times the member’s final remuneration.”.

---
Source: https://www.legislation.gov.uk/uksi/1998/1238/schedule/paragraph/14 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-regulations-1997-amendment-regulations-1998/schedule/paragraph-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.