{
  "url": "https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-3/paragraph-2",
  "json_url": "https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993/schedule-3/paragraph-2.json",
  "legislation": "uksi/1993/3253",
  "legislation_title": "The Parliamentary Pensions (Consolidation and Amendment) Regulations 1993",
  "legislation_url": "https://openlegislation.uk/parliamentary-pensions-consolidation-and-amendment-regulations-1993",
  "path": "schedule/3/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Maximum commutation for Members (including those retiring on grounds of ill-health)",
  "text": "For the purposes of regulation G1(4), in the case of a Class A participant entitled to a pension under regulation F1—\n(1) who has no retained lump sum benefits and who either was a Member of the House of Commons on his sixty-fifth birthday or is so entitled by virtue of regulation J1 or J3 (ill-health pensions), the maximum commutable sum shall be the amount of—\n(i) the number of eightieths of the multiple, either specified in the table in Part II of this Schedule in relation to the number of complete years of his actual reckonable service or (if the period of that service includes a fraction of a year) calculated proportionately by reference to the numbers specified in that table; and\n(ii) the product of three-eightieths of the multiple and any period, expressed in years and any fraction of a year, determined in respect of him under regulation P6(2) (Transfers from other pension schemes),\nsubject to a maximum of the amount of 120/80 of the multiple;\n(2) who has retained lump sum benefits, but would otherwise be within sub-paragraph (1) above, the amount of the maximum commutable sum shall be whichever is the greater of—\n(i) the amount of 120/80 of the multiple, less the amount of his retained lump sum benefits; and\n(ii) the amount of the product of three-eightieths of the multiple and the aggregate, expressed in years and any fraction of a year subject to a maximum of forty years, of his actual reckonable service and of any period determined in respect of him under regulation P6(2) (Transfers from other pension schemes).",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [
    {
      "type": "words substituted",
      "affecting": "uksi/2006/920",
      "affecting_title": "The Parliamentary Pensions (Amendment) Regulations 2006"
    },
    {
      "type": "words inserted",
      "affecting": "uksi/2006/920",
      "affecting_title": "The Parliamentary Pensions (Amendment) Regulations 2006"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2006/920",
      "affecting_title": "The Parliamentary Pensions (Amendment) Regulations 2006"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2006/920",
      "affecting_title": "The Parliamentary Pensions (Amendment) Regulations 2006"
    },
    {
      "type": "words substituted",
      "affecting": "uksi/2006/920",
      "affecting_title": "The Parliamentary Pensions (Amendment) Regulations 2006"
    }
  ],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1993/3253/schedule/3/paragraph/2",
    "retrieved_at": "2026-10-29T13:43:34.947939+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}