G5.—(1) Where a person who is not a member dies leaving one or more eligible children and at the time of his death he—
(a)was entitled to preserved benefits, or
(b)was in a local government employment and would have been so entitled if he had ceased to hold that employment immediately before that time,
those children are entitled to or to the benefit of a children’s long-term pension until they cease to be children.
(2) Subject to regulations G9 and G10, the annual amount of a children’s long-term pension is the appropriate fraction (within the meaning of regulation G3(3)) of the deceased person’s retirement pension.
(3) Subject to regulation G9, for the purposes of paragraph (2) the retirement pension of a person shall be taken to be the retirement pension to which he would have become entitled if at the time of his death he had become entitled under regulation D5 (retirement on or after NRD)and on the relevant assumptions (within the meaning of regulation G3(5)).