PART 1MEMBERSHIP, CONTRIBUTIONS AND BENEFITS
SURVIVOR BENEFITS
Survivor benefits: pensioner members
Survivor benefits: children of pensioner member where no pension is payable to partner of pensioner member55
1
If, on the day following the member’s death, no pension is payable to a partner of a pensioner member under regulation 52(1) (survivor benefits: partners of pensioner members), the Committee shall close the pensioner member’s pension account and shall open a survivor member’s pension account for the eligible child or children from the day following the member’s death.
2
3
The amount of pension payable under paragraph (2) where there is only one such eligible child is calculated by adding together the pension that the member would have been entitled to draw on the date of the member’s death if—
a
the member’s earned pension had accrued at a rate of 1/240th of pensionable pay;
b
the amount of earned pension credited under regulation 113(1) (effect of acceptance of transfer value payment) had been multiplied by 49/240;
c
the member’s pension had not been subject to any actuarial adjustment relating to the age at which it was drawn or following a Scheme Pays Election or any pension debit applied on account of a pension sharing order;
d
there had been no commutation under regulation 34 (election for lump sum instead of pension);
e
f
the pension included 20.41667% of any additional pension purchased under regulation 19(7)(b)(i) (additional voluntary contributions).
4
The amount of pension payable under paragraph (2) where there is more than one such eligible child, is payable to those children in equal shares and is calculated by adding together the pension that the member would have been entitled to draw if—
a
the member’s earned pension had accrued at a rate of 1/120th of pensionable pay;
b
the amount of earned pension credited under regulation 113(1) (effect of acceptance of transfer value payment) had been multiplied by 49/120;
c
the member’s pension had not been subject to any actuarial adjustment relating to the age at which it was drawn or following a Scheme Pays Election or any pension debit applied on account of a pension sharing order;
d
there had been no commutation under regulation 34 (election for lump sum instead of pension);
e
f
the pension included 40.8333% of any additional pension purchased under regulation 19(7)(b)(i) (additional voluntary contributions).
5
At the point at which the number of eligible children is reduced to one, the pension payable to that child is recalculated in accordance with paragraph (3) as from the date the other child’s or children’s pension ceased to be paid.