# The Occupational Pension Schemes (Reference Scheme and Miscellaneous Amendments) Regulations 1997, Regulation 2: Amendment of section 12B(4) of the Pension Schemes 1993 Act


Sub-section (4) of section 12B of the Pension Schemes 1993 Act (reference scheme) shall be amended by the substitution for paragraph (b) of the following—
“(b) for entitlements to those pensions to commence on the day following the death of the earners, and
(c) except in prescribed circumstances, for the annual rate of those pensions to be—
(i) if the earners die on or after their normal pension age, 50 per cent. of the annual rate which a reference scheme was required to provide to the deceased earners immediately before their death, or
(ii) if the earners die before their normal pension age, 50 per cent. of the annual rate which a reference scheme would have been required to provide to the deceased earners if the date of their death had been their normal pension age, and
(d) if those pensions are payable in respect of earners who die—
(i) otherwise than in pensionable service under the scheme, and
(ii) before their own entitlements to pensions under the scheme have commenced,
for those pensions to be revalued in accordance with section 84 as though they were such benefits as are mentioned in section 83(1)(a).”.

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Source: https://www.legislation.gov.uk/uksi/1997/819/regulation/2 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-reference-scheme-and-miscellaneous-amendments-regulations-1997/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.