Regulation 16 Amendment of regulation F2I1

Regulation F2 (member dies after pension becomes payable) is amended as follows.

In paragraph (2) for the words “the member’s retirement lump sum” to the end, substitute—

“the aggregate of—

(a)

the member’s retirement lump sum paid under regulation E6 (lump sum on retirement), and

(b)

any lump sum paid to the member under regulation E7 (general option to exchange part of pension for lump sum).”.

After paragraph (5) insert—

“(6)

If a member who was in receipt of a substitute tier 1 pension under regulation E2C dies before the end of the protection period that applies to him under regulation E2C(6)(a) or E2C(6)(b), the member’s pension referred to in paragraph (2) means that member’s original tier 2 pension.”.