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4.—(1) Regulation E2 of the Superannuation Scheme Regulations(1)(early retirement pension (ill-health)) is amended as follows.
(2) For paragraph (7), substitute–
“(7) Subject to paragraph (8), where a member becomes entitled to a pension under paragraph (1), the Scottish Ministers may discharge their liability for that pension by the payment of a lump sum of an amount consistent–
(a)with the contracting-out and preservation requirements of the 1993 Act; and
(b)the lump sum rule.”.
(3) For paragraph (10), substitute–
“(10) The amount of the lump sum payable under paragraph (7)–
(a)will be equal to 5 times the yearly rate of the member’s incapacity pension (calculated in accordance with this regulation); and
(b)shall be payable in addition to the lump sum on retirement payable under regulation E7 (which shall not be subject to any reduction under regulation E8 (deductions from lump sum)).”.
Regulation E2(10) was amended by S.I. 1998/1593, regulation 4.
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