Paragraph 2 Lump sum on death

PART F of these Regulations is subject to the following modification—

(a)

regulation F2 (lump sum when member dies after pension becomes payable), subject to regulation S5, applies in respect of a pension debit member so that—

(i)

references to the “member's pension” is the pension reduced in accordance with regulation W5; and

(ii)

“the member's retirement lump sum paid under regulation E13” is the retirement lump sum that would have been payable under that Regulation had there been no reduction under regulation W5; and

(b)

regulation F5 (payment of lump sum) applies in respect of a person entitled to a pension credit or a pension credit member, as the case may be, or a pension debit member with the modification that the references in that regulation to “member” are references to a person entitled to a pension credit or, as the case may be, a pension credit member.

(c)

the reference in regulation F5(2) and (4) to “member's personal representative” is a reference to “personal representative of the person entitled to a pension credit or, as the case may be, the pension credit member”;

(d)

for regulation F5(6) substitute—

“(6)
A nomination may only be made by a person entitled to a pension credit, or as the case may be, a pension credit member under the scheme.”;

(e)

for regulation F5(9) substitute—

“(9)
A person entitled to a pension credit, or as the case may be, a pension credit member whose credit was implemented on, or after, 1st April 2008 cannot give a notice referred to in paragraph (3)(a).”

(f)

in regulation F5(12) omit sub-paragraph (d).