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PART 7N.I.Retirement benefits

CHAPTER 6N.I.Payment options

Options under this ChapterN.I.

118.  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.