Death of active memberN.I.
This section has no associated Explanatory Memorandum
2.—(1) Except where paragraph 6 or 7 applies, a lump sum on death is payable under this paragraph in respect of the death of an active member before the member reaches the age of 75.
(2) The amount of the lump sum on death payable is equal to the higher of—
(a)twice the member's relevant earnings; or
(b)twice the member's re-valued pensionable earnings for the scheme year falling in the earnings reference period which has the largest re-valued pensionable earnings.
(3) Re-valued pensionable earnings must be construed in accordance with paragraph 7(3).