Regulation 11 Value of alternatives to short service benefit

The amount referred to in regulations 8, 9, and 10 is an amount equal to the value of the benefits (or, where the alternative is provided by way of partial substitute for short service benefit, the relevant part of the benefits) that have accrued to or in respect of the member under the applicable rules.

For the purposes of this regulation, “the applicable rules” means the same as in F1section 94(2) of the Act (revaluation of pensions and transfer values).