(1) Where a person is a Scheme member or former Scheme member, other than one to whom section 20, 21, 22, 23, 24, 25, 26, 27 or 29 relates, and has completed the vesting period and reached the normal pension age, then he or she shall, subject to section 52 and upon application being made to the relevant authority, be eligible on retirement to receive -

(a) an annual pension equivalent to the sum of the referable amounts in respect of each calendar year or part of a calendar year for the pension, and

(b) a lump sum payment equivalent to the sum of the referable amounts in respect of each calendar year or part of a calendar year for the lump sum.