PART 9Death benefits

Chapter 2Pensions for surviving adults

Reduction in pensions in cases of wide age disparity141

1

This regulation applies if, on the death of a member of this scheme, a surviving adult's pension becomes payable to a surviving adult who is more than 12 years younger than the member.

2

The annual rate of the surviving adult's pension is reduced by the lower of—

a

50% of the amount of the annual rate of the pension calculated under regulation 138,139 or 140; and

b

2.5 × ( N − 12 ) %math