Options under this ChapterU.K.
This
adran has no associated
Memorandwm Esboniadol
120. The options under this Chapter are—
(a)the option under regulation 122 to buy out the early payment reduction;
(b)the option under regulation 123 to defer payment of a retirement added pension;
(c)the option under regulation 124 (option to commute part of pension) to exchange part of a full retirement pension or ill-health pension for a lump sum.