Paragraph 12 Calculation of ill-health benefitsF1
The amount of the lump sum is equal to the lesser of the following amounts—
(a)
20% of the person’s final pensionable earnings multiplied by the length of the person’s eligible service (expressed in years);
(b)
the person’s final pensionable earnings multiplied by 3; and
(c)
for any person who is within 3 years of the person’s normal pension age, the person’s final pensionable earnings multiplied by 3 and reduced by 1/36 for each complete month of the person’s eligible service within that 3-year period.
Annotations
Textual amendments
- F1
Sch. 3 inserted (1.4.2015) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2015 (S.I. 2015/602), regs. 1(2), 2(4), Sch. 1