For section 17(1) of the Pension Schemes Act (commutation of guaranteed minimum pensions) substitute—

“(1)

A scheme may, in such circumstances and subject to such restrictions and conditions as may be prescribed, provide for the payment of a lump sum instead of a pension required to be provided by the scheme in accordance with section 9 or 13.” .

In section 13 of that Act (minimum pensions for widows and widowers), at the end add—

“(8)

Where—

(a)

a lump sum is paid to an earner under provisions included in a scheme by virtue of section 17(1), and

(b)

those provisions are of a prescribed description,

the earner shall be treated for the purposes of this section as having any guaranteed minimum under section 10 that he would have had but for that payment.” .