B8.—(1) Where the annual amount of any pension payable under this Part to a regular policeman who has attained state pensionable age, together with any increase under the Pensions (Increase) Acts, does not exceed £104, the police authority may, at their discretion, commute the pension for a gratuity.
(2) A gratuity under this Regulation shall be of such amount as is the actuarial equivalent of the pension, calculated from tables prepared by the Government Actuary.
(3) Where the regular policeman is entitled to more than one pension, those pensions shall be treated as one for the purposes of this Regulation.
(4) This Regulation has effect subject to Regulation J1(6)(a) and paragraphs 8(11) and 9(4) of Part I of Schedule J.