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20. For the purposes of section 12C(1)(c) of the 1993 Act (regulations may prohibit or restrict the payment of a lump sum instead of a pension under a relevant scheme except in prescribed circumstances or on prescribed conditions), any benefits which have accrued in respect of an earner’s section 9(2B) rights under a scheme may not be paid as a lump sum instead of a pension unless—
(a)such benefits are payable under the rules of the scheme;
(b)the aggregate of all benefits including benefits in respect of section 9(2B) rights payable to the earner (or his widow or widower) does not exceed £260 per annum; and
(c)the Secretary of State is satisfied that the scheme provides a reasonable basis for ascertaining the sum to be paid on commutation.
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