(1) Where the rules in force of a defined benefit scheme allow the member spouse the option of receiving part or all of his retirement benefit in lump sum form, and the member spouse has not received or commenced to receive retirement benefit, an equivalent option shall be provided to the person to whom an order in respect of the retirement benefit is granted and in determining the amount of pension equivalent to any designated benefit payable in lump sum form the conversion rate to be used shall be the same as the conversion rate applied to the member spouse's retirement benefit.
(2) Where the rules in force allow the member spouse the option of receiving part or all of his retirement benefit in the form of a dependant's pension payable to a third party following his death, the exercise of such an option by the member spouse shall not affect the calculation or payment of the designated benefit.