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The National Health Service Superannuation Scheme (Scotland) Regulations 2011

Changes over time for: Section E13

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Lump sum on retirementS

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E13.—(1) Subject to paragraphs (3) and (4), each member shall, on becoming entitled to a pension under regulations E1 to E11, also become entitled to a retirement lump sum.

(2) Subject to regulation E14, the lump sum will be equal to 3 times the yearly rate of the pension [F1to which the member is entitled under regulations E1 to E11 (and in relation to which any additional pension purchased under regulations Q8, Q10 or Q11 is disregarded)].

(3) Where regulation E4(3) applies, the lump sum payable will be equal to the difference between—

(a)three times the yearly rate of pension calculated in accordance with regulation E3(3)(a) (ill health pension on early retirement); and

(b)three times the yearly rate of pension calculated in accordance with regulation E4(3)(b).

(4) Where a member [F2on becoming] entitled to a lump sum under this regulation [F3on or before 5th April 2011] has attained the age of 75—

(a)the member will cease to be entitled to a lump sum; and

(b)will instead be entitled to have the member's pension increased by such amount as the Scottish Ministers may, after taking advice from the scheme actuary, determine.

Textual Amendments

F1Words in reg. E13(2) inserted (with effect in accordance with reg. 1(7) of the amending S.S.I.) by The National Health Service Superannuation Scheme etc. (Miscellaneous Amendments) (Scotland) Regulations 2011 (S.S.I. 2011/364), regs. 1(2), 6(a)

F2Words in reg. E13(4) inserted (with effect in accordance with reg. 1(8) of the amending S.S.I.) by The National Health Service Superannuation Scheme etc. (Miscellaneous Amendments) (Scotland) Regulations 2011 (S.S.I. 2011/364), regs. 1(2), 6(b)(i)

F3Words in reg. E13(4) inserted (with effect in accordance with reg. 1(8) of the amending S.S.I.) by The National Health Service Superannuation Scheme etc. (Miscellaneous Amendments) (Scotland) Regulations 2011 (S.S.I. 2011/364), regs. 1(2), 6(b)(ii)

Modifications etc. (not altering text)

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