34.—(1) This regulation applies to a regular police officer who retires, ceases to serve as such or who makes an election under regulation 9 (other than as set out in regulation 9(3)), in circumstances–
(a)in which no transfer value under regulation 78 has been, or is required to be, paid in respect of that officer; and
(b)which do not entitle that officer to a pension award under any of the preceding provisions of this Part.
(2) A regular police officer to whom this regulation applies shall be entitled to a lump sum payment of an amount equal to that officer’s aggregate pension contributions in respect of that officer’s relevant period of service, calculated in accordance with regulation 26.