Regulation 121 Payment of lump sum death benefitI1
United Kingdom
A lump sum death benefit F1may be paid where—
an active, deferred or pensioner member of this scheme dies; or
a pension credit member of this scheme dies before any benefits attributable (directly or indirectly) to a pension credit become payable.
But a lump sum death benefit is not payable where—
a pensioner member who is not also an active member dies more than 5 years after the member’s full retirement pension or ill-health pension becomes payable; or
a member who dies had reached the age of 75.
The lump sum death benefit must be paid 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.
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Annotations
Textual amendments
- F1
Words in reg. 121(1) substituted (1.4.2022) by The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2022 (S.I. 2022/330), regs. 1(2), 3(a)
- F2
Reg. 121(4) omitted (1.4.2022) by virtue of The Public Service (Civil Servants and Others) Pensions (Amendment) Regulations 2022 (S.I. 2022/330), regs. 1(2), 3(b)