F1SCHEDULE 2ADETERMINATION OF ILL HEALTH AND INTERIM ILL HEALTH PAYMENTS

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Amendments (Textual)

Amount of an ill health payment2

1

The amount of an ill health payment payable to a qualifying member of a qualifying pension scheme shall be—

2

The amount of an ill health payment payable to a survivor of a qualifying member of a qualifying pension scheme shall be—

a

one-half of the ill health payment which was payable to the qualifying member in accordance with sub-paragraph (1) immediately before his death where—

i

that member was in receipt of an ill health payment at the time of his death; or

ii

that member was in receipt of an interim ill health payment and dies on or after the date on which the liabilities of the scheme in respect of that member are discharged (whether by entry into an annuity contract or by other means); or

b

where the qualifying member was in receipt of an interim ill health payment at the time of his death and dies before the date on which the liabilities of the scheme in respect of that member are discharged—

3

In this paragraph—

  • “A” means the amount of expected pension which would be determined in accordance with Schedule 2 if—

    1. a

      the beneficiary were entitled to an annual payment; and

    2. b

      the modifications in paragraph 6 applied;

  • “B” means the amount of actual pension which would be determined in accordance with Schedule 2 if—

    1. a

      the beneficiary were entitled to an annual payment; and

    2. b

      the modifications in paragraph 6 applied; and

  • “C” means the actuarial factor, determined in accordance with paragraph 5, to be applied.

4

This paragraph is subject to paragraphs 4 and 7.