Paragraph 21 Nature of retirement benefitsI1

For regulation E2 substitute—

“Nature of retirement benefits

E2.

Retirement benefits consist of—

(a)

a retirement pension,

(b)

a retirement lump sum where regulation E6 applies, and

(c)

where applicable, a lump sum in place of a retirement pension (referred to in regulation E6A),

calculated in accordance with this Part.”.