Regulation 111 Payment of lump sum death benefitI1
United Kingdom
A lump sum death benefit is payable in respect of—
an active, deferred or pensioner member of this scheme who dies; or
a pension credit member of this scheme who dies before any benefits attributable (directly or indirectly) to a pension credit become payable.
But a lump sum death benefit is not payable in respect of—
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
a member who has reached the age of 75.
Payment of a lump sum death benefit must be made within the period of 2 years beginning with the earlier of—
the day on which the scheme manager first knew of the member’s death; and
the day on which the scheme manager could reasonably be expected to have known of the member’s death.
The scheme manager may decide not to pay a lump sum death benefit if it is impracticable to pay it.