PART 6 N.I.Retirement benefits

CHAPTER 5N.I.Payment options

Options under this ChapterN.I.

72.  The options under this Chapter are—

(a)the option under regulation 74 to buy out the early payment reduction;

(b)the option under regulation 75 to defer payment of a full retirement added pension;

(c)the option under regulation 76 to exchange part of a retirement pension for a lump sum;

(d)the option under regulation 77 to exchange the whole of the member's accrued pensions for a lump sum in cases of serious ill-health.