# The Parliamentary Pensions (Additional Voluntary Contributions Scheme) Regulations 1993, Regulation 11: Maximum benefits


(1) The lump sum benefit (exclusive of any refund of the contributor’s own contributions and any transfer value received by the AVC scheme in respect of the contributor plus interest if any) payable under the AVC scheme on the death of a contributor while in service or (having left service with a deferred pension) before the commencement of the contributor’s pension shall not, when aggregated with all like benefits under the principal scheme, personal pension schemes, free-standing additional voluntary contribution schemes and retained death benefits exceed whichever is appropriate of—
(a) 4 times final remuneration at the date of death; or
(b) 4 times final remuneration at the date of leaving service;
and in the case of a Class A contributor, any remuneration in excess of the permitted maximum shall be disregarded.
(2) “Final remuneration” has the meaning assigned to it by Schedule 1.
(3) A contributor’s pension when aggregated with any pensions and the pension equivalent of any lump sums under the principal scheme and any pension under a free-standing additional voluntary contribution scheme in respect of service shall not exceed such maximum pension as is calculated in respect of that contributor in accordance with Schedule 2.
(4) Any pensions for dependants, when aggregated with any pension payable to dependants under the principal scheme or under a free-standing additional voluntary contribution scheme, shall not exceed an amount equal to two-thirds of the maximum pension—
(a) payable to the contributor at the date of the contributor’s death (including any pension increases given under paragraph (5) below), or
(b) being a deferred benefit, payable to the contributor at normal retirement date, or
(c) prospectively payable to the contributor who dies in service had the contributor remained in service up to normal retirement date at the rate of pay in force immediately before the contributor’s death, or
(d) prospectively payable to the contributor who dies in service after normal retirement date before taking any benefit under the principal scheme on the basis that the contributor had retired on the day before he or she died,
and, in whichever case applies, the maximum pension shall be calculated as if the contributor had no retained benefits.
(5) Where a contributor chooses as a benefit an index-linked pension, the maximum amount of the pension ascertained in accordance with paragraphs (3) or (4) above may be increased by up to 3 per cent for each complete year, or, if greater, in proportion to any increase in the index which has occurred since payment of the pension commenced.

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Source: https://www.legislation.gov.uk/uksi/1993/3252/regulation/11 (the official version)
Page: https://openlegislation.uk/parliamentary-pensions-additional-voluntary-contributions-scheme-regulations-1993/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.