Article K2 Pensions for children
Subject to the provisions of this article, if a participant, pensioner or deferred pensioner dies leaving one or more eligible children, a children’s pension shall be payable for their benefit.
The annual amount of a children’s pension shall be–
a sum equal to one quarter of the basic or prospective pension or pensions of the deceased if there is one eligible child or, if there is more than one, a sum equal to three-sixteenths of the basic or prospective pension or pensions of the deceased for each eligible child not exceeding two; or
where the deceased left a surviving spouse who has since died, a sum equal to five-sixteenths of the basic or prospective pension or pensions of the deceased for each eligible child not exceeding two.
A children’s pension shall be paid to or distributed between such person or persons as the Parliamentary corporation may from time to time direct, and shall be applied by that person or those persons, without distinction, for the benefit of the eligible child or children of the deceased or such of them as the Parliamentary corporation may from time to time direct.
For the purposes of this article, the eligible child of a deceased person is–
a child of the deceased’s marriage or his adopted child; or
a child who was wholly or mainly dependent on the deceased at the time of his death.
For the purposes of this article, a person counts as a child only if–
he is aged under 17;
he is aged under 22 and since he became 17 he has been engaged continuously in full-time education or in training for a trade, profession or vocation; or
he is physically or mentally incapacitated and became so whilst a child within sub-paragraph (a) or (b).
If the Parliamentary corporation wishes, it may treat education or training as continuous despite a break.