Part IIISchemes that were contracted-out etc and Effects on Members’ State Scheme Rights ...
Chapter ISchemes that were contracted-out: guaranteed minimum pensions and alteration of scheme rules etc
Guaranteed minimum pensions
21 Commutation, surrender and forfeiture.
F1(1)
A scheme may, in such circumstances and subject to such restrictions and conditions as may be prescribed, provide for the payment of a lump sum instead of a pension required to be provided by the scheme in accordance with section 13 or 17.
(2)
Neither section 13 nor section 17 shall preclude a scheme from providing for the earner’s or the earner’s F2widow's, widower’s or surviving civil partner's guaranteed minimum pension to be suspended or forfeited in such circumstances as may be prescribed.