PART 6Retirement benefits

CHAPTER 5Payment options

Options under this Chapter72.

The options under this Chapter are—

(a)

the option under regulation 74 to buy out the early payment reduction;

(b)

the option under regulation 75 to defer payment of a full retirement added pension;

(c)

the option under regulation 76 to exchange part of a retirement pension for a lump sum;

(d)

the option under regulation 77 to exchange the whole of the member's accrued pensions for a lump sum in cases of serious ill-health.