PART 7Retirement benefits

CHAPTER 6Payment options

Options under this Chapter118.

The options under this Chapter are—

(a)

the option under regulation 120 to buy out the early payment reduction;

(b)

the option under regulation 121 to defer payment of a retirement added pension;

(c)

the option under regulation 122 (option to commute part of pension) to exchange part of a full retirement pension or ill-health pension for a lump sum;

(d)

the option under regulation 130 to exchange the whole of the members' accrued pensions for a lump sum.