PART 3BENEFITS FOR PRACTITIONERS, ETC.

CHAPTER 3.DMEMBERS' RETIREMENT BENEFITS

Allocation

Effect of allocation3.D.16

1

If an election under regulation 3.D.14 for the allocation of a member’s pension to another person (“the beneficiary”) has taken effect–

a

the member’s pension is reduced accordingly (even if the beneficiary predeceases the member); and

b

if the beneficiary survives the member, on the member’s death the beneficiary becomes entitled to the payment of a pension for life of such amount as is determined in accordance with regulation 3.D.14.

2

An allocation is disregarded for the purposes of this regulation if it would result in a pension being paid under this regulation to a beneficiary who is neither–

a

the member’s spouse or civil partner on the date when the member becomes entitled to the pension or dies; nor

b

a dependant of the member for the purposes of paragraph 15(2) or (3) of Schedule 28 to the 2004 Act when the member dies.

3

References in this Part to pensions under this Chapter do not include pensions under this regulation except where the context otherwise requires.

4

Any such pension is payable in addition to any pension payable to the beneficiary in respect of the member’s death under Chapter 3.E (death benefits) of this Part.