The Arrangements of the Scheme are the Shared Cost Arrangement, the Defined Benefit Arrangement and the Defined Contribution Arrangement.
18D The Trustee may allow a Member who is in exceptional circumstances of serious ill–health when his pension starts to give up the whole of his pension (except GMP) for a lump sum. The Trustee shall convert the pension to a lump sum on a basis certified as reasonable by the Actuary and approved by the Inland Revenue. This choice shall not affect any pension payable on the Member’s death.