19DPayment of deferred pension in cases of hardship

19D Payment of deferred pension in cases of hardship

19D Payment of deferred pension in cases of hardship

(1) The trustees may, on the written application of a former member, pay the former member the former member’s deferred pension on the ground of the former member’s financial hardship.

(2) In determining whether a pension is payable to a former member under this section, the trustees must have regard to the following matters—

(a) the financial circumstances of the former member and his or her capacity to meet reasonable and immediate financial commitments,

(b) any other matters the trustees think relevant and appropriate.

ss 19C–19F: Ins 1999 No 89, Sch 1 [5].