Paragraph 6 Death of re-employed pensioner
A lump sum on death is payable under this paragraph in respect of the death of a re-employed pensioner (P).
The lump sum is an amount equal to the sum of—
five times the annual rate of the relevant pension; and
the amount found by virtue of paragraph 4(2) in respect of each pension to which P has been entitled for less than 5 years.
The relevant pension is—
if P dies before reaching normal pension age, a Tier 2 IHP (within the meaning of regulation 90);
if P dies on or after reaching normal pension age, a pension to which P would have been entitled under regulation 73 at the date of death.
If P exercised the option under regulation 51, for the purposes of sub-paragraph (2)(b), the reference in paragraph 4(2) to the amount of the pension payments already made to the member is a reference to the amount of the pension payments that would have been made apart from the election.