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The National Health Service Pension Scheme Regulations 1995

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Changes over time for: Section T7

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There are outstanding changes not yet made by the legislation.gov.uk editorial team to The National Health Service Pension Scheme Regulations 1995. Any changes that have already been made by the team appear in the content and are referenced with annotations. Help about Changes to Legislation

Commutation of trivial pensionsE+W+S

T7.—(1) Where a person has become entitled to a pension of a trivial amount, the Secretary of State may pay to that person a lump sum representing the capital value of that pension and of any benefits that might otherwise have become payable on that person’s death.

(2) Any lump sum payable under this regulation will be calculated by the Secretary of State, after taking advice from [F1the Scheme Actuary].

[F2(3) A pension may be treated as trivial only if all benefits payable under [F3this Section of] the scheme to the person concerned are of an amount consistent with—

[F4(a)the preservation requirements; and]

[F5(b)either—

(i)the lump sum rule and lump sum death benefit rule, or

(ii)the requirements of regulation 12 of the Registered Pension Schemes (Authorised Payments) Regulations 2009 (payments by larger pension schemes).]]

F6(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) A payment made under paragraph (1) shall discharge the Secretary of State’s liability in respect of that pension and of any benefits that might otherwise have become payable on that person’s death.

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