PART 2 BENEFITS FOR OFFICERS

CHAPTER 2.E DEATH BENEFITS

Lump sum death benefits

2.E.17 Amount of lump sum: single capacity members and recent leavers (disregarding regulation 2.D.5 employments)
1 The lump sum payable on the death of an active member, who is not also a deferred member or a pensioner member, is an amount equal to twice the member’s reckonable pay.
2 The lump sum payable on the death of a pensioner member, who is not also an active member or a deferred member, is, in respect of each pension to which the member is entitled, the lesser of–
(a) an amount equal to 5 times the annual rate of the pension (other than any additional pension), less the amount of the pension payments already made to the member; and
(b) an amount equal to twice the member’s reckonable pay by reference to which the pension was calculated, less any lump sum paid to the member when the pension came into payment as a result of the member exercising the option under regulation 2.D.14 (general option to exchange part of pension for lump sum).
3 The lump sum payable on the death of a deferred member, who is not an active member or a pensioner member, is an amount equal to the member’s deferred annual pension, multiplied by 2.25.
4 The lump sum payable on the death of a recent leaver is an amount equal to the deferred annual pension to which the person would have been entitled if the person were entitled to such a pension calculated by reference to the pensionable service the recent leaver was entitled to count in the service that has ceased, multiplied by 2.25.
5 References in this regulation to a member’s deferred annual pension are to the annual pension, in respect of any period of pensionable service, to which the member would have been entitled under regulation 2.D.1 (normal retirement pensions) if on the date of death the member had become entitled to such a pension (other than any additional pension).
6 If a pensioner member exercised the option under regulation 2.D.14, the reference in paragraph (2)(a) to the annual rate of the member’s pension is to the pension payable after the exercise of that option.
7 If a pensioner member exercised the option under regulation 2.D.18 (election to allocate pension), the reference in paragraph (2)(a) to the amount of the pension payments already made to the member is a reference to the amount of the pension payments that would have been made apart from the election.
8 For the purposes of this regulation, the fact that a person–
(a) is an active member in service in an employment in respect of which the member has exercised the option under regulation 2.D.5 (partial retirement: members aged at least 55);
(b) is a deferred member as a result of service in an employment in respect of which the member has exercised that option; or
(c) is a pensioner member by virtue of being entitled to a pension under that regulation,
is ignored.