Section 32: Gratuity and reduced pension

(1) Any officer to whom a pension is granted under the Act may, at his or her option exercisable not later than the day immediately preceding the date of his or her retirement from the public service, or at such later date as the Pensions Authority may in any special case approve, be paid in lieu of such pension, a pension at the rate of two-thirds or any greater fraction of such pension together with a gratuity equal to fifteen times the amount of the reduction so made in the pension. (2) In the application of this regulation to cases where the limitation prescribed by section 13(2) of the Act operates, the words "such pension" shall mean the amount of pension which the officer would have drawn from the public funds of Uganda if he or she had not exercised his or her option under this regulation. (3) Where an officer has exercised the option mentioned in subregulation (1), he or she may, not later than the day immediately preceding the date of his or her retirement from the public service or such later date as the Pensions Authority may in any special case approve, amend or revoke the option.