171.—(1) This regulation applies to a member (P) who, on the entitlement day for a pension, has a life expectancy of less than a year.
(2) P may apply to the scheme manager to receive a lump sum instead of the pension.
(3) The application must—
(a)be in writing,
(b)be made when P applies under regulation 162 for payment of the pension, and
(c)be accompanied by all the medical evidence necessary for the scheme manager to determine that P is entitled to payment of the lump sum.
(4) If P is eligible to apply under regulation 168 to receive a lump sum under that regulation—
(a)the largest permissible lump sum is to be paid under that regulation; and
(b)the conversion amount under that regulation is to be deducted when calculating the annual rate under regulation 172(2)(a).
(5) In this regulation, “ pension” means—
(a)an age retirement pension and any phased retirement pension payable with it;
(b)an ill-health pension and a total incapacity pension or phased retirement pension payable with it; or
(c)a pension credit retirement pension.