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(1) Paragraph (2) applies for determining the lump sum payable by virtue of this regulation on the death of a member who—
(a)[F1was an active member or a non-contributing member] in service in an employment in respect of which the member has exercised the option under regulation 2.D.5 (partial retirement: members aged at least 55), and
(b)[F2was] a pensioner member by virtue of being entitled to a pension under that regulation.
(2) The lump sum is an amount equal to the sum of—
(a)twice the appropriate fraction of the member’s [F3reckonable pay] in that employment at the date of death, and
(b)if the member had been entitled to any pensions under regulation 2.D.5 for less than 5 years, the lesser of—
(i)the total of the guarantee amounts for each of those pensions (see paragraph (3)), and
(ii)the aggregate lump sum cap (see paragraph (4)).
(3) The guarantee amount for a pension under regulation 2.D.5 is five times the annual rate of the pension at the date of death, less the amount of the pension payments already made to the member in respect of the pension.
(4) The aggregate lump sum cap is equal to twice the appropriate fraction of the reckonable pay by reference to which the pension to which the member became entitled on last exercising the option under regulation 2.D.5 was calculated, less the total of any lump sums paid to the member in exchange for pensions under regulation 2.D.5 as a result of the member exercising the option under regulation 2.D.14 (general option to exchange part of pension for lump sum).
(5) In this regulation “the appropriate fraction” means—
where—
DPS is, where the member continues in pensionable service as an active member [F4or a non-contributing member] on the option day (or the last such option day if the option has been exercised more than once), the total number of days which do not form part of the specified percentage of pensionable service at the option day, and
TDPS is the aggregate of DPS and the total number of days of pensionable service (at the option day or the last such option day if the option has been exercised more than once) which forms part of the specified percentage of pensionable service.
Textual Amendments
F1Words in reg. 2.E.19(1)(a) substituted (1.4.2009) by The National Health Service Pension Scheme and Injury Benefits (Amendment) Regulations 2009 (S.I. 2009/381), regs. 1(2), 47(a)(i) (with reg. 89)
F2Word in reg. 2.E.19(1)(b) substituted (1.4.2009) by The National Health Service Pension Scheme and Injury Benefits (Amendment) Regulations 2009 (S.I. 2009/381), regs. 1(2), 47(a)(ii) (with reg. 89)
F3Words in reg. 2.E.19(2)(a) substituted (1.4.2009) by The National Health Service Pension Scheme and Injury Benefits (Amendment) Regulations 2009 (S.I. 2009/381), regs. 1(2), 47(b) (with reg. 89)
F4Words in reg. 2.E.19(5) inserted (1.4.2009) by The National Health Service Pension Scheme and Injury Benefits (Amendment) Regulations 2009 (S.I. 2009/381), regs. 1(2), 47(c) (with reg. 89)
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