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PART VRETIREMENT COMPENSATION AND PAYMENTS ON DEATH

Balances payable to a deceased claimant's widow and personal representative

26.—(1) If no annual sum is payable to the widow, child or other dependant under Regulation 24 of these Regulations and no sum is payable under the last preceding Regulation and the officer dies before he has received in the aggregate by way of retirement compensation a sum equivalent to the amount of any contributions repaid by him under Regulation 23(1) of these Regulations, together with compound interest thereon calculated at the rate of 3 per cent. per annum with half-yearly rests up to the date of his death as from the 1st April or the 1st October following the half year in which the amount was paid, there shall be paid to his personal representative the difference between the aggregate amount received by way of retirement compensation as aforesaid and the said equivalent sum.

(2) If an annual sum becomes payable to a widow under Regulation 24 of these Regulations and on her re-marriage or death the sum ceases to be payable, and the aggregate amount of the payments which were made to her as aforesaid, to her husband by way of retirement compensation and to his personal representative under Regulation 25 of these Regulations is less than a sum equivalent to the amount which would have been payable to the personal representative under that Regulation if no annual sum had been payable to the widow under the said Regulation 24, there shall be paid to her or her personal representative the difference between such aggregate amount and the said equivalent sum.

(3) For the purposes of this Regulation an officer who has surrendered any part of his retirement compensation under Regulation 23(5) of these Regulations shall be deemed to have received during any period the amount of compensation for that period which he would have received but for any such surrender.