Survivor benefits: revaluation adjustments, death grants: deferred and pensioner credit membersN.I.
5. In regulation 46 (death grants: deferred members and pension credit members)—
(a)after paragraph (3) insert—
“(3A) For the purposes of paragraph (3), if the member—
(a)died in the period beginning with 1st April and ending with 5th April in the Scheme year following the Scheme year in which the member ceased to be an active member; or
(b)ceased to be an active member and became a deferred member in the period beginning with 1st April and ending with 5th April in a Scheme year and subsequently died within that same period,
the pension is deemed to include the revaluation adjustment that would have been due at the next revaluation date.”; and
(b)in paragraph (5), at the end insert “and paragraph (3A) does not apply”.
Commencement Information
I1Reg. 5 in operation at 12.6.2023 with effect in accordance with reg. 1(2), see reg. 1(1)