Regulation 111 Payment of lump sum death benefit

(1)

A lump sum death benefit is payable in respect of—

(a)

an active, deferred or pensioner member of this scheme who dies; or

(b)

a pension credit member of this scheme who dies before any benefits attributable (directly or indirectly) to a pension credit become payable.

(2)

But a lump sum death benefit is not payable in respect of—

(a)

a pensioner member who is not also an active member who dies more than 5 years after the member’s full retirement pension or ill-health pension becomes payable; or

(b)

a member who has reached the age of 75.

(3)

Payment of a lump sum death benefit must be made within the period of 2 years beginning with the earlier of—

(a)

the day on which the scheme manager first knew of the member’s death; and

(b)

the day on which the scheme manager could reasonably be expected to have known of the member’s death.

(4)

The scheme manager may decide not to pay a lump sum death benefit if it is impracticable to pay it.