Amendment of regulation 210
85.—(1) Regulation 210 (Amount of lump sum: single capacity members and recent leavers (disregarding regulation 180 employments)) is amended as provided by paragraphs (2) to (4).
(2) At the end of paragraph (1), insert (as full out words), “In the case of a 2008 Section Optant, this is subject to regulation 206V.”.
(3) For paragraph (2)(b), substitute—
“(b)an amount equal to twice the annual average of the member’s uprated earnings by reference to which the pension was calculated, less the aggregate of—
(i)any lump sum paid to the member when the pension came into payment as a result of the member exercising the option under regulation 185, and
(ii)in the case of a 2008 Section Optant, the lump sum paid to the Optant under regulation 260K.”.
(4) For paragraph (6), substitute—
“(6) The reference in paragraph (2)(a) to the annual rate of the member’s pension is to the member’s pension after it has been reduced to take account of—
(a)the exercise by the member of an option under regulation 185; and
(b)in the case of a 2008 Section Optant, the lump sum paid to the Optant under regulation 260K.”.