9 Gratuities and lump sums
Pensions (Increase) Act 1971 (1971 c 56) | Legislation

9  Gratuities and lump sums

(1)     References in this Act to a pension shall not apply to any payment made by way only of a return of contributions, with or without interest [(or any money purchase benefits)]; but, subject to that, this Act shall apply in relation to any allowance, benefit or compensation whether it takes the form of periodical payments or of a gratuity or other lump sum.

(2)     In relation to a lump sum—

(a)     references to the time when a pension begins shall apply in accordance with section 8(2) above as in the case of a pension taking the form of periodical payments; and

(b)     references to increasing a pension in respect of a period beginning at any time shall have effect as references to increasing any sum becoming payable at or after that time on account of the lump sum or any instalment of it; and

(c)     references to the rate of a

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