Regulation T7 Commutation of trivial pensions

Where a person has become entitled to a pension of a trivial amount, the Secretary of State may pay to that person a lump sum representing the capital value of that pension and of any benefits that might otherwise have become payable on that person’s death.

Any lump sum payable under this regulation will be calculated by the Secretary of State, after taking advice from F1the Scheme Actuary.

A pension may be treated as trivial only if all benefits payable under F3this Section of the scheme to the person concerned are of an amount consistent with—

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A payment made under paragraph (1) shall discharge the Secretary of State’s liability in respect of that pension and of any benefits that might otherwise have become payable on that person’s death.