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33. In regulation 2.D.15 (option for members in serious ill-health to exchange whole pension for lump sum)—
(a)in paragraph (1) after “active member”, insert “or a non-contributing member”;
(b)in paragraph (4) after “active member”, insert “or a non-contributing member”;
(c)for paragraph (5), substitute—
“(5) A pension credit member who exercises the option is to be paid, as soon as reasonably practicable and before reaching the age of 75, an amount equal to the sum of—
(a)the maximum lump sum (if any) to which the pension credit member could have become entitled on exercising the option under regulation 2.D.14 at the appropriate time, and
(b)the total annual amount of the pension to which the pension credit member is entitled under regulation 2.D.2 after exercising that option, multiplied by 5.”;
(d)in paragraph (6) after “active member”, insert “or a non-contributing member”.
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