Calculation of lump sum under the 1987 scheme
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40.—(1) In calculating the limit on the lump sum payable under regulation B7(4) of the 1987 Regulations (commutation – general provision) to a 1987 transition member, the member’s continuous period of pensionable service under this scheme is included when calculating the member’s pensionable service under the 1987 scheme.
(2) In calculating the member’s continuous period of pensionable service under this scheme, a period of part-time service counts as if it were a period of full-time service.