Paragraph 5 Post-retirement death grant: pension credit members
Where–
a pension credit member dies within five years of the pension under rule 1 of this Part coming into payment and before the pension credit member’s 75th birthday; and
there is a difference between–
the amount that is five times the pension, calculated at the annual rate effective on the day that it came into payment; and
the aggregate of–
the instalments of pension that have been paid; and
any lump sum received on commutation under rule 3 of this Part,
the authority shall pay a post-retirement death grant of the amount of that difference.
The grant may be paid, in whole or in part, to such person or persons as the authority think fit.
For the purposes of paragraph (1), any increases which, if the pension had continued in payment, would have been taken into account, shall be disregarded.