Valuation of benefits for active JASAPS membersU.K.
126.—(1) When an active JASAPS member (“M”) who has purchased units of added surviving adult's pension dies, M's surviving spouse or surviving civil partner is entitled to receive additional pension under the JASAPS.
(2) When M dies, the administrators must calculate the number of units of added surviving adult's pension M has purchased by dividing the total contributions made by M under regulation 125(1) by the cost of a unit of added surviving adult's pension determined under regulation 124(1), and notify the surviving spouse or civil partner of that amount.
(3) The annual amount of additional pension per unit is £1,000.
(4) Added surviving adult's pension is payable at the same times and intervals and in the same manner as the surviving adult's pension under the principal scheme.
(5) If M retires on the ground of ill-health or dies before the assumed retirement age, M is to be credited with the number of units of added surviving adult's pension notified to the administrators by M under regulation 123(1)(c).
(6) Paragraph (5) does not apply during any period where M has ceased making periodic contributions.
(7) If M ceases to make periodic contributions M may apply to the administrators to make periodic contributions again but any application to start to make periodic contributions again—
(a)may not be accepted if M has reached the assumed retirement age;
(b)may not result in M purchasing more added units than were being purchased before M ceased to pay periodic contributions; and
(c)must be accompanied by a declaration signed by M stating that M has no reason to believe that health may prevent continuation of service until the assumed retirement age.
(8) If M's application under paragraph (7) is accepted by the administrators, this Chapter applies separately to those contributions and the value of the surviving adult's pension purchased with them.
(9) If an application by M under paragraph (7) to resume making contributions has been accepted and M subsequently—
(a)retires on the ground of ill-health or dies within 12 months of the date of starting to make periodic contributions again, or
(b)dies or retires on the ground of ill-health because of an incapacity which M became subject to within 12 months of that date,
paragraph (5) does not apply unless the administrators are satisfied that the declaration given in accordance with paragraph (7)(c) was made in good faith.
(10) If M ceases making periodic contributions before reaching assumed retirement age for reasons other than death or retirement on the ground of ill-health—
(a)then the administrators must—
(i)calculate the amount of units of added surviving adult's pension (“added units”) that M has purchased by the date of cessation, by dividing the total contributions made by M under regulation 125(1) up to the date of cessation by the cost of an added unit as determined under regulation 124(1);
(ii)notify M of that amount, and
(b)at the date of cessation M must be credited with the number of added units of benefit calculated under sub-paragraph (a).
(11) For the purposes of this regulation, part units of added surviving adult's pension purchased by a member must be valued on a pro-rata basis.