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159.—(1) A death grant is payable under this regulation on the death of a pension credit member (D) if—
(a)a pension credit retirement pension became payable before D’s death, and
(b)AR is greater than AP.
(2) The amount of the death grant is AR-AP.
(3) In this regulation—
“AR” is 5 times the annual rate of the pension credit retirement pension payable as at the date of D’s death;
“AP” is the total amount of that pension payable up until D’s death.
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