PART 7Benefits for pension credit members

CHAPTER 3Death grant

Death grant: death of pension credit member after benefits payable156

1

A death grant is payable under this regulation on the death of a pension credit member (D) if—

a

a pension credit retirement pension became payable before D’s death; and

b

AR is greater than AP.

2

The amount of the death grant is AR-AP.

3

In this regulation—

  • “AR” is 5 times the annual rate of the pension credit retirement pension payable as at the date of D’s death;

  • “AP” is the total amount of that pension payable up until D’s death.