PART 2BENEFITS FOR OFFICERS
F1CHAPTER 102008 Section Optants
Miscellaneous provisions
Lump sum payable on the death of a 2008 Section Optant who is in receipt of a tier 1 ill-health pension under regulation 13A of the 1995 Regulations136W
1
This regulation applies to a 2008 Section Optant who, on the date of that Optant’s death—
a
is entitled to a tier 1 ill-health pension under regulation 13A of the 1995 Regulations (Ill-health pension on early retirement) in respect of service in the 1995 Section; and
b
is an active or a non-contributing member in respect of service in this Section of the Scheme (“the later 2008 Section service”).
2
The lump sum payable on the death of an Optant referred to in paragraph (1) shall be—
a
calculated in accordance with whichever of paragraphs (3), (4) or (5) applies to that Optant; and
b
paid in place of the lump sum that, apart from this regulation, would otherwise be payable in respect of that Optant’s later 2008 Section service under regulation 83.
3
If the deceased Optant was, at the date of the Optant’s death, an active member who had not exercised the option under regulation 49, the lump sum referred to in paragraph (2)(a) is an amount equal to five times the annual rate of pension—
a
payable under regulation 52(5), if the deceased Optant had not reached the age of 65; or
b
payable under regulation 45, if the deceased Optant had reached the age of 65,
to which the deceased Optant would have been entitled at the date of the Optant’s death.
4
If the deceased Optant was a non-contributing member who had not exercised the option under regulation 49, the lump sum referred to in paragraph (2)(a) is an amount equal to five times the annual rate of pension—
a
payable under regulation 52(5), if the deceased Optant had not reached the age of 65; or
b
payable under regulation 45, if the deceased Optant had reached the age of 65,
to which the Optant would have been entitled on the last day of the Optant’s pensionable service.
5
If the Optant was an active member or a non-contributing member who had exercised the option under regulation 49, the lump sum referred to in paragraph (2)(a) shall be determined by the Department after taking advice from the Scheme actuary.
Pt. 2 c. 10 added (with effect in accordance with reg. 1(2) of the amending Rule) by The Health and Personal Social Services (Superannuation Scheme, Compensation for Premature Retirement and Additional Voluntary Contributions), and Health and Social Care (Pension Scheme) (Amendment) Regulations (Northern Ireland) 2010 (S.R. 2010/22), regs. 1(2), 55