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20. In regulation 22 (use of accumulated value of AVCs and SCAVCs)—
(a)in paragraph (2), for “paragraph (1)(a)(i) must notify his employing authority” substitute “paragraph (1)(a)(i) or (b) must notify the Committee”;
(b)in paragraph (4) for “paragraph (1)(a)(ii) or (1)(c)” substitute “paragraph (1)(a)(i), (1)(a)(ii) or (1)(c)”;
(c)for paragraph (7) substitute—
“(7) In the case of a person mentioned in paragraph (1)(b) the employing authority must, as soon as possible, inform the Committee that the person has stopped being an active member.”;
(d)in paragraph (8), delete “or with paragraph (7)(b)”; and
(e)after paragraph (8) insert—
“(9) In the event that a member dies before the policy is entered into, the accumulated value is payable to his personal representatives.
(10) If the Committee has not made payments under paragraph (9) equalling in aggregate the accumulated value before the expiry of 2 years—
(a)beginning with the date of his death; or
(b)beginning with the date on which the Committee could reasonably be expected to have become aware of the member’s death,
it must pay an amount equal to the shortfall to the member’s personal representatives.”.
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