Options under this ChapterN.I.
This section has no associated Explanatory Memorandum
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.