121Lump sum on retirement or death.N.I.
(1)Where a person on retirement becomes eligible for a pension for service, he may be granted a lump sum equal to twice the annual amount of that pension.
(2)Where a person was serving at the time of his death and, if he had then retired on the ground of permanent infirmity, would have become eligible for a pension for that service, his representative may be granted a lump sum equal to—
(a)twice the annual amount of the pension for which he would have been so eligible; or
(b)his last annual salary;
whichever is the greater.
(3)Where a person on retirement becomes eligible for a pension for service but dies so soon thereafter that the sums paid or payable to him on account of that pension plus an amount equal to twice the annual amount of that pension fall short of his last annual salary for such service, there may be granted to his representatives a lump sum equal to the deficiency.