The London Transport (Compensation to Employees) Regulations 1970 No. 2019

PART V RETIREMENT COMPENSATION AND PAYMENTS ON DEATH

Retirement compensation for loss of a pension payable to pensionable officer on attainment of normal retiring age

21.  Subject to the provisions of these regulations, when a person to whom this Part of these regulations applies reaches normal retiring age, the retirement compensation payable to him for loss of pension rights shall be—

(a) an annual sum equal to the amount of his accrued pension, and

(b) a lump sum equal to the amount of his accrued retiring allowance (if any).