# Pension Schemes Act 1993, Section 21: Commutation, surrender and forfeiture.


(1) A scheme may, in such circumstances and subject to such restrictions and conditions as may be prescribed, provide for the payment of a lump sum instead of a pension required to be provided by the scheme in accordance with section 13 or 17.
(2) Neither section 13 nor section 17 shall preclude a scheme from providing for the earner’s or the earner’s widow's, widower’s or surviving civil partner's guaranteed minimum pension to be suspended or forfeited in such circumstances as may be prescribed.

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Source: https://www.legislation.gov.uk/ukpga/1993/48/section/21 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-1993/section-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.