Regulation 104 Death grant: death of pension credit member before benefits payable

(1)

A death grant F1may be paid on the death of a pension credit member (D) who dies before pension credit retirement benefits become payable under regulation 105 (pension credit retirement benefits).

(2)

The amount of the death grant is—

(a)

where D had a normal pension age of 60, an amount equal to the amount of the pension credit retirement lump sum which would have been payable if D had reached that age at the date of D's death, and

(b)

where D had a normal pension age of 65, an amount equal to the amount of the pension credit retirement lump sum which would have been payable if D had had a normal pension age of 60 and had reached that age at the date of D's death.

Annotations

Textual amendments

F1: Words in reg. 104(1) substituted (retrospective to 1.9.2010) by The Teachers' Pensions Schemes (Amendment) Regulations 2018 (S.I. 2018/218), regs. 1(2)(a), 2(2)