Paragraph 40 Calculation of lump sum under the 1988 scheme

In calculating the limit on the lump sum payable under regulation B7(4) of the 1988 Regulations M1 payable to a 1988 transition member, the members continuous period of pensionable service under this scheme is included when calculating the members pensionable service under the 1988 scheme.

In calculating the member's continuous period of pensionable service under this scheme, a period of part-time service counts as if it were a period of full-time service.