Regulation 98 Annual rate of surviving adult’s pensions payable on death of pensioner member

(1)

This regulation applies on the death of a pensioner member of this scheme (P).

(2)

The annual rate of a dependant’s earned pension is an amount equal to 37.5% of the sum of—

(a)

the amount of full retirement earned pension specified in P’s full retirement account as at the date of P’s death; and

(b)

the amount of partial retirement earned pension specified in P’s partial retirement account as at the date of P’s death.

(3)

The annual rate of a dependant’s ill-health pension is an amount equal to 37.5% of the annual rate of ill-health pension, calculated without subtracting the commutation amount (if any) and the total allocation amount (if any).

(4)

The annual rate of a dependant’s added pension is an amount equal to 37.5% of the sum of—

(a)

the amount of full retirement added (all beneficiaries) pension specified in P’s full retirement account as at the date of P’s death; and

(b)

the amount of partial retirement added (all beneficiaries) pension specified in P’s partial retirement account as at the date of P’s death.

(5)

In accordance with section 7(4) of PIA 1971, for the purposes of this scheme there is to be disregarded any increase in the annual rate of a pension since the beginning date for that pension.