Amount of lump sum payable under regulation 171 instead of a pension credit retirement pensionE+W
This section has no associated Explanatory Memorandum
173.—(1) This regulation applies to a member (P) who applies under regulation 171 to receive a lump sum instead of a pension credit retirement pension.
(2) The amount of the lump sum payable to P is an amount equal to 5 times the annual rate of the pension credit retirement pension.