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Regulation E17 Short-service incapacity grant

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

A person who—

(a)

has been in pensionable employment for at least one year, and

(b)

has become incapacitated, and

(c)

had not attained the age of 70 when he became incapacitated, and

(d)

is not entitled to payment of retirement benefits the aggregate value of which exceeds the relevant amount,

is entitled, if he applies for payment within 6 months after the end of his pensionable employment, to an incapacity grant.

(2)

The aggregate value of retirement benefits is the total of the retirement lump sum and the actuarial equivalent of the retirement pension.

(3)

The relevant amount is

A12×B,

where,

  • A is the person’s average salary, and

  • B is the length of his reckonable service.

(4)

The amount of the incapacity grant is the difference between the relevant amount and the aggregate value of any retirement benefits to which the person is entitled.

(5)

The incapacity grant is not to be paid before the end of the person’s pensionable employment.