Amendment of regulation 25
21. After paragraph (5) of regulation 25 (Member dies after pension becomes payable) add—
“(6) If a member who was in receipt of a substitute tier 1 pension under regulation 13C dies before the end of the protection period that applies to him under regulation 13C(6)(a) or 13C(6)(b), the member’s pension referred to in paragraph (2) means that member’s original tier 2 pension.
(7) For the purposes of paragraphs (2) and (4), no account will be taken of any reduction to the member’s pension under regulation 17A (General option to exchange part of pension for lump sum).”.