Paragraph 5 Survivors of qualifying members
This paragraph applies where, immediately before a qualifying pension scheme began to wind up, a qualifying member—
was entitled to present payment of a pension under the scheme rules and that pension was attributable—
to the member’s pensionable service; or
(directly or indirectly) to a pension credit to which the member became entitled under section 29(1)(b) of the Welfare Reform and Pensions Act 1999f1; or
was an active member or a deferred member of that scheme,
and that member dies on or after the day on which the scheme began to wind up.
The annual payment payable to the survivor of a qualifying member to whom this paragraph applies shall be determined in accordance with sub-paragraph (3) or (6).
Where the qualifying member dies on or before the certification date, the annual payment payable to his survivor shall be—
In sub-paragraph (3), “expected pension” shall, subject to sub-paragraph (5), be determined—
where the qualifying member was entitled to present payment of a pension under the scheme rules immediately before his death, in accordance with paragraph 3(3); or
where the qualifying member was an active member or a deferred member of a qualifying pension scheme immediately before his death, in accordance with paragraph 4(3).
In any case where the scheme manager is satisfied that it is not possible for him to identify either or both elements of the formula in sub-paragraph (3), he may determine how the annual payment is to be calculated having regard to the scheme rules and such other matters as he considers relevant.
Where the qualifying member dies after the certification date, the annual payment payable to his survivor shall be—
one-half of the annual payment which was payable to that member in accordance with paragraph 3 or 4 immediately before his death; or
where the annual payment was not payable to that member immediately before his death, one-half of the annual payment which would have been payable to him in accordance with paragraph 3 or 4 had he attained the age of 65 immediately before his death.
Annotations
Footnotes
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