Paragraph 6 F1
England and Wales
A pension credit member shall be entitled to the commutation of the whole of the benefits payable to or in respect of him under the scheme constituted by these Regulations by virtue of rights attributable (directly or indirectly) to a pension credit at normal benefit age in the following circumstances.
They are if—
the pension credit member is suffering from serious ill health at normal benefit age, or
the aggregate of total benefits payable to the pension credit member, including those attributable (directly or indirectly) to pension credit rights, does not exceed £260 per annum at normal benefit age.
In the case of such a pension credit member the relevant F2police pension authority may realise the investments made under paragraph 1 without purchasing an annuity and pay the proceeds to the member as a lump sum.
In sub-paragraph (2)(a) “serious ill-health” means ill-health giving rise to a life expectancy of less than one year from the date on which notice is given under paragraph 3(4).
Annotations
Textual amendments
- F1
Sch. 1A inserted (E.W.) (with effect from 1.12.2000) by The Police Pensions (Pension Sharing) Regulations 2002 (S.I. 2002/3202), reg. 1(1), Sch. 2 para. 6
- F2
Words in Regulations substituted (E.W.) (16.1.2012) by The Police Pensions (Amendment) Regulations 2011 (S.I. 2011/3063), regs. 1(1), 2-4, Sch. (with reg. 9)