Amendment of regulation 2.E.17
42.—(1) Regulation 2.E.17 (amount of lump sum: single capacity members and recent leavers (disregarding regulation 2.D.5 employments)) shall be amended as follows.
(2) At the end of paragraph (1) insert at the end “in the case of a 2008 Section Optant this is subject to regulation 2.K.23 (children’s pensions payable on the death of a 2008 Section Optant who is in receipt of a lower tier ill health pension under regulation E2A of the 1995 Regulations).”.
(3) For paragraph (2)(b) substitute—
“(b)an amount equal to twice the member’s reckonable pay by reference to which the pension was calculated, less the aggregate of—
(i)any lump sum paid to the member when the pension came into payment as a result of the member exercising the option under regulation 2.D.14 (general option to exchange part of pension for lump sum); and
(ii)in the case of a 2008 Section Optant the lump sum paid to the Optant under regulation 2.K.12 (amount of pension and lump sum to be paid to a 2008 Section Optant).”.
(4) For paragraph (6) substitute—
“(6) The reference in paragraph (2)(a) to the annual rate of the member’s pension is to the member’s pension after it has been reduced to take account of—
(a)the exercise by the member of an option under regulation 2.D.14; and
(b)in the case of a 2008 Section Optant, the lump sum paid to the Optant under regulation 2.K.12 (amount of pension and lump sum to be paid to a 2008 Section Optant).”.