Death grants: deferred members and pension credit members
46.—(1) If a deferred member dies the Committee shall pay a death grant.
(2) The Committee may, at its absolute discretion, pay the death grant to or for the benefit of the member’s nominee, personal representatives or any person appearing to the Committee to have been a relative or dependent of the member.
(3) The death grant is the amount the member would have been entitled to receive as retirement pension annually if—
(a)the member had been able to draw a pension on the date the member died; and
(b)the pension the member would have been able to draw on that date had not been subject to any restriction on the age at which it could be drawn, or actuarial adjustment relating to the age at which it was drawn,
multiplied by five.
(4) If the Committee has not made payments under paragraph (1) equalling in aggregate the member’s death grant before the expiry of two years—
(a)beginning with the member’s death; or
(b)where the Committee did now know about the member’s death before the expiry of that period, beginning with the date on which the Committee could reasonably be expected to have become aware of the member’s death,
it shall pay an amount equal to the shortfall to the member’s personal representatives.
(5) This regulation applies to pension credit members (including persons entitled to a pension credit who die before the Committee awards a pension credit) as it applies to deferred members with the modification that for the amount of death grant calculated under paragraph (3), the amount calculated under paragraph (3)(a) and (b) is multiplied by five.