A Member who leaves Service before Minimum Pension Age without satisfying the preservation requirements (see Rule 9C (Preservation Requirements)) shall receive a refund of his contributions (if any), less tax at 20% or such other rate as applies from time to time.

If the Member’s Service was contracted–out under the Section the Member (and the Member’s spouse, if any) shall remain entitled to GMP unless this is extinguished by a contributions equivalent premium (“CEP”) under the Pensions Act. Any refund of contributions shall be reduced if a CEP is paid by the amount recovered under section 61 of that Act and otherwise by the amount that the Trustee estimates would have been recoverable if a CEP had been paid.