C1PART 3RETIREMENT BENEFITSF1: Post-1995 Provisions

Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1

Pts. 1-11 restricted (10.3.2022 for specified purposes, 1.4.2022 in so far as not already in force) by Public Service Pensions and Judicial Offices Act 2022 (c. 7), ss. 90, 131(1)(2)(f)

Lump sum: entitlement and amount25

1

This regulation applies where F2P retires on or after the commencement day, and becomes entitled to the payment of a pension under this Part.

2

At the time P becomes entitled to the payment of the pension, P becomes entitled to a lump sum.

3

The amount of the lump sum is to be determined in accordance with the following formula—

A × 2.25math

where A is the annual rate of the pension payable to P under this Part.