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26.—(1) Regulation 55 (Early retirement on termination of employment by employing authority)(1) is amended as provided by paragraphs (2) and (3).
(2) In paragraph (3), after “to it” insert “: this is subject to paragraph (3A)”.
(3) After paragraph (3), insert—
“(3A) A member who satisfies the conditions of this regulation is not entitled to a pension under this regulation if the Department, after consultation with the scheme actuary, decides that the amount of the pension would be less than the amount of the guaranteed minimum pension to which the member is entitled.”.
Regulation 55 as amended by S.R. 2008 No.188, regulation 28; S.R. 2013 No.40, regulation 13 and S.R. 2013 No.259, regulation 25
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