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Regulation 159 Death grant: death of pension credit member after benefits payable

England and Wales

(1)

A death grant F1may be paid under this regulation on the death of a pension credit member (D) if—

(a)

a pension credit retirement pension became payable before D's death, and

(b)

AR is greater than AP.

(2)

The amount of the death grant is AR-AP.

(3)

In this regulation—

  • “AR” is 5 times the annual rate of the pension credit retirement pension payable as at the date of D's death;

  • “AP” is the total amount of that pension payable up until D's death.

Annotations

Textual amendments

F1

Words in reg. 159(1) substituted (retrospective to 1.4.2015) by The Teachers Pensions Schemes (Amendment) Regulations 2018 (S.I. 2018/218), regs. 1(2)(b), 3(7)