15BMDeath during service leaving widow or widower

15BM Death during service leaving widow or widower

15BM Death during service leaving widow or widower

(1) In this section the former contributor means a contributor who dies leaving a widow or widower.

(2) Subject to section 15BW, the board shall, on application in writing in a form approved by the board made to the board by the widow or widower of the former contributor, pay to that widow or widower—

(a) the total amount at credit in the former contributor’s servant’s account in the Pension Fund, and

(b) if the former contributor was qualified for full or partial additional benefits—a lump sum calculated in accordance with the following formula—

where—

L represents the lump sum so payable,

S represents the former contributor’s final salary, and

P represents the number of the former contributor’s potential pension points (reduced by one-half if the contributor was qualified for partial, but not full, additional benefits).

(3) Subject to sections 15BUD, 15BUE and 15BUF, the board shall also, on application in writing in a form approved by the board made to the board by the widow or widower of the former contributor, pay to the widow or the widower a pension at the annual rate determined in accordance with the following formula—

where—

B represents the annual rate of pension,

S represents the former contributor’s final salary,

A represents the number of the former contributor’s accrued pension points, and

P represents—

(a) if the former contributor was qualified for full additional benefits—the number of the former contributor’s potential pension points,

(b) if the former contributor was qualified for partial, but not full, additional benefits—the number of the former contributor’s potential pension points, reduced by one-half, or

(c) if the former contributor was qualified for neither full nor partial additional benefits—nil.

(4) Where the widow of the former contributor elects under section 15BUD to be paid, instead of part of the pension under subsection (3), a lump sum that is less than the maximum lump sum she could elect to be paid under that section, the pension to which she is entitled after payment of the lump sum is a pension calculated in accordance with the following formula—