138. On the death of a member (D), [F1where a death grant is to be paid, the payment must be made]—
(a)to D's death grant beneficiary;
(b)if there is more than one death grant beneficiary, to those beneficiaries in the shares determined in accordance with regulation 133(4) and (5); or
(c)if there is no death grant beneficiary—
(i)to D's surviving adult; or
(ii)if there is no surviving adult, to D's personal representatives as part of D's estate.
Textual Amendments
F1Words in reg. 138 substituted (retrospective to 1.4.2015) by The Teachers Pensions Schemes (Amendment) Regulations 2018 (S.I. 2018/218), regs. 1(2)(b), 3(2)