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8.—(1) This regulation applies to a person to whom this Part applies and who—
(a)ceases employment on or after the attainment of age 50; and
(b)is entitled to count relevant local government service or qualifying employment amounting in total to 2 or more but less than 5 years.
(2) The compensation which may be payable under regulation 6(1)(c) shall be the relevant total sum calculated in accordance with paragraph (3);
(3) The relevant total sum shall be—
(a)a sum equivalent to one and one half weeks' pay for each complete year of relevant local government service after the attainment of age 18;
(b)a sum equivalent to two and one half weeks' pay for each complete year of relevant local government service after the attainment of age 41; and
(c)a sum equivalent to one half week’s pay.
(4) No payment shall be made to a person under this regulation unless—
(a)the person gives written consent to such payment after receipt of the written notification referred to in regulation 12; and
(b)he waives his right to the immediate payment of benefits under regulation E4(7) of the 1988 Regulations.
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