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The National Health Service Pension Scheme (Transitional and Consequential Provisions) Regulations 2015

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Changes over time for: Section 37

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There are currently no known outstanding effects for the The National Health Service Pension Scheme (Transitional and Consequential Provisions) Regulations 2015, Section 37. Help about Changes to Legislation

Variations to lump sums for 1995 and 2008 pensioners joining new scheme [F1(other than pensioners who have taken a partial retirement pension)]E+W

This section has no associated Explanatory Memorandum

37.—(1) This regulation applies to persons falling in Groups 1 to 4 [F2, 6 [F3, 7, 9 and 10]] in the table at paragraph 1 of Schedule 1 and Groups 1 to 4 [F4, 6 and 7] in the table at paragraph 2 of Schedule 1 [F5other than persons who have taken a partial retirement pension.].

(2) Where this regulation applies, a lump sum equal to five times the rate of the relevant pension is to be paid in place of the lump sum payable to active members under regulation 112(a) and paragraph 2 of Schedule 14 to the 2015 Regulations.

[F6(3) In this regulation—

partial retirement pension” means a pension under—

(a)

regulation E5A of the 1995 Regulations;

(b)

regulation 2.D.5 or 3.D.5 of the 2008 Regulations; or

(c)

regulation 84 of the 2015 Regulations; and

the relevant pension” means where the member has not taken partial retirement from the new scheme pursuant to regulation 84 of the 2015 Regulations, an amount equal to—

(a)

if the member dies before reaching normal pension age in the new scheme, a tier 2 IHP within the meaning of regulation 90(1)(b) of the 2015 Regulations; or

(b)

if the member dies on or after reaching normal pension age in the new scheme, a pension under regulation 73 of the 2015 Regulations.]

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