E6.—(1) This Regulation shall apply in the case of a regular policeman who has died while in receipt of an ordinary, short service, ill-health or deferred pension (“the principal pension”).
(2) The police authority shall not under Regulation E4(2) or E5 substitute for the whole or any part of a widow’s pension or child’s allowance payable in respect of such a policeman a gratuity the actuarial equivalent of which (within the meaning of paragraph (3)) when added to that of—
(a)any other gratuity so substituted under Regulation E4(2) or E5, and
(b)any lump sum paid or payable under Regulation B7, where a portion of the principal pension has been commuted,
exceeds a quarter of the capitalised value of the principal pension, any reduction therein under Regulation B7 being ignored.
(3) For the puposes of this Regulation the actuarial equivalent of a gratuity or lump sum and the capitalised value of the principal pension shall, in each case, be that at the time of the husband’s or parent’s retirement, as calculated by the Government Actuary.