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Parliamentary Superannuation Act 1974
Part 5ABenefit payable to member's estate (PSS 1 or PSS 2)
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Part 5A—Benefit payable to member's estate (PSS 1 or PSS 2)
31A—Benefits payable to member's estate (PSS 1 or PSS 2)
(1) Where a PSS 1 or PSS 2 member dies and a pension or other benefit is not payable under this Act to the spouse or a child of the member, a lump sum is payable to the member's estate that is the greater of the following amounts:
(a) the amount that would be produced by the commutation of two-thirds of the former member's notional pension using the commutation factors set out in Schedule 3;
(b) an amount that would be produced by commutation of two-thirds of 41.2 per cent of the former member's salary immediately before his or her death using the commutation factors set out in Schedule 3.
(2) When determining the amount that would be produced on commutation, the applicable commutation factor must be adjusted proportionately to the age of the deceased member when he or she died expressed in years and completed months.