SCHEDULE 11Calculation of pension
PART 2Conversion of part of pension into lump sum
Protection of guaranteed minimum pension
5.
If the member has a guaranteed minimum under section 14 of the 1993 Act in relation to the whole or part of a pension, regulation 76 only applies to so much of the pension as exceeds that guaranteed minimum, multiplied by such factor as is indicated for a person of the member's description in tables provided to the scheme manager by the scheme actuary.