OpenLegislation

Paragraph 2

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

(1)

This paragraph applies where a lump sum equal to the retirement lump sum that would otherwise have been receivable is paid under paragraph 6 or 8 of Schedule 4.

(2)

Where this paragraph applies, the person is entitled to count as reckonable service—

(a)

the period he would have been entitled to count under paragraph 1 if the lump sum had not been paid, and

(b)

a period of

ABC-3×D80years,

where—

  • A is the retirement lump sum,

  • B is the lump sum that would have been payable under paragraph 5 of Schedule 4,

  • C is so much of the past period as he is not entitled to count under (a) above, and

  • D is his average salary.