Lump sum: entitlement and amountU.K.
This section has no associated Explanatory Memorandum
25.—(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—
where A is the annual rate of the pension payable to P under this Part.
Textual Amendments
F2Word in reg. 25(1) substituted (1.4.2023) by The Judicial Pensions (Fee-Paid Judges) (Amendment) Regulations 2023 (S.I. 2023/403), regs. 1(1), 25