Regulation 6 Lump sum on early retirement.

in paragraph (2) for “(7) and (8)” there shall be substituted “(7), (8) and (9)”;

after paragraph (8) there shall be added at the end new paragraphs as follows—

“(9)

Where this paragraph applies the amount of a person’s retirement lump sum shall be the amount calculated in accordance with the foregoing provisions of this regulation of the lump sum to which he would be entitled apart from this paragraph multiplied by the appropriate factor.

(10)

Paragraph (9) applies in Case F, as described in regulation E4(7), where a person has ceased to be in employment as there described on or after 30th April 2010.

(11)

For the avoidance of doubt, in regulations E7 and E8 references to “retirement benefits” and “retirement lump sum” are references to such benefits as calculated before any actuarial reduction required by paragraph (9).”.