(1)  If a member ceases to be an employee –

(a) within 10 years before the normal retirement date; or

(b) with the consent of the Commission, at any time before the normal retirement date because of ill health which, in the opinion of the Commission, is not permanent incapacity –

the Commission must pay to the member an amount equal to the amount determined by the Actuary to have accrued under regulation 178(1) (a), (b) and (c) to the date on which the member ceases to be an employee, having regard to the rate of accrual applicable to the member and the member’s initial accrual, if any.

(2)  Despite subregulation (1) , the amount payable under that subregulation must not be less than the amount determined under regulation 181 .