Regulation 14 Short-term compensation on death
This regulation applies where a credited teacher dies and a short-term pension—
becomes payable under regulation E23 of the Superannuation Regulations, or
would have become so payable but for an election under regulation B6 of those Regulations.
Subject to regulation 16 (duration), where this regulation applies short-term compensation shall be paid to, or as the case may be for the benefit of, the person or persons who are or would have been entitled to payment of the short-term pension.
Subject to paragraph (4) and to regulation 19 (periodic payments), the rate of the short-term compensation is the rate at which the deceased’s annual compensation payable under regulation 12 would have been payable immediately before his death if any reduction under regulation 18, 20 or 21(3) had been left out of account.
If the deceased died in new employment which was pensionable employment, he is for the purposes of paragraph (3) to be taken to have ceased to be in that employment immediately before his death.
If the rate calculated in accordance with paragraph (3) is less than that of long-term compensation to which there is a prospective entitlement under regulation 15, the rate of the short-term compensation is the same as that of the long-term compensation.