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Regulation 29 Retirement benefits

Original text. Later amendments are not shown.

(1)

Regulation 63 is amended as follows.

(2)

In paragraph (2)(c), for “65(11)” substitute “65(7)”.

(3)

For paragraph (6) substitute–

“(6)

The accumulated value of the contributions invested under paragraph (1) may be used, in whole or in part, to provide benefits in the form of a lump sum, provided that the limit on the total amount of a member’s retirement grant and other lump sums set out in regulation 19(3B) is not exceeded.”.