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The New Firefighters’ Pension Scheme Order (Northern Ireland) 2007

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Commutation of part of pension credit benefits

39.—(1) Subject to paragraph (3), a pension credit member may commute for a lump sum a portion of the pension to which he is entitled or prospectively entitled to under article 37 (“the commuted portion”).

(2) The commuted portion must not exceed—

(a)one quarter of the amount of the pension; or

(b)the annual rate of the pension for the year that it is payable, disregarding—

(i)the reduction resulting from the application of this article; and

(ii)any reduction resulting from the application of another provision of this Scheme.

(3) Paragraph (1) does not apply if the pension debit member from whose rights the pension credit member’s pension credit is derived has received a lump sum under article 19 (commutation: general) before the date on which the pension sharing order takes effect.

(4) A person who wishes to commute a portion of a pension under paragraph (1) must give the Board written confirmation of the commutation, not later than the day before the pension comes into payment and not earlier than four months before—

(a)the date on which the person attains normal benefit age; or

(b)the date on which the pension sharing order takes effect,

whichever is the later.

(5) Notice of commutation must specify the commuted portion.

(6) A person’s notice of commutation takes effect on the date on which the pension under article 37 becomes payable.

(7) When a person’s notice of commutation takes effect, the Board shall—

(a)reduce the pension by the commuted portion;

(b)calculate the lump sum by multiplying by 12 the amount of the person’s pension represented by the commuted portion at the date of retirement; and

(c)pay him the lump sum as soon as reasonably practicable after—

(i)the date on which he attains normal benefit age; or

(ii)the date on which the pension sharing order takes effect,

whichever is the later.

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