63Payment of death or invalidity benefit

### 63 Payment of death or invalidity benefit > > (1)  If – > > > > > > (a) a member to whom this Part applies dies, or the Committee is satisfied as to the matters referred to in [regulation 62](#GS62@EN) and provides the Commission with written notice that the Committee is so satisfied; and > > > > > > > (b) the member ceases to be a member before he or she attains the age of 60 years – > > > > the Commission must pay out of the PRB Fund, in respect of the member, a lump sum payment calculated in accordance with the following formula: > > > > [](/image/pn42fs.gif) > > > > where – > > > > > ***P*** is the amount to be paid; > > > > > ***n*** is the number of years of service the member would have served if he or she had attained the age of 60 and still been a member; > > > > > ***FS*** is the final salary of the member determined in accordance with [regulation 59](#GS59@EN) . > > > (2)  If – > > > > > > (a) a member dies, or the Committee is satisfied as to the matters referred to in [regulation 62](#GS62@EN) and provides the Commission with written notice that the Committee is so satisfied; and > > > > > > > (b) the member ceases to be a member on or after the date when the member attains the age of 60 years – > > > > the Commission must pay out of the PRB Fund, in respect of the member, a lump sum payment calculated in accordance with the following formula: > > > > [](/image/pn42fs.gif) > > > > where – > > > > > ***P*** and *FS* have the meanings assigned to those symbols in [subregulation (1)](#GS63@Gs1@EN) ; > > > > > ***n*** is the number of years served by the member on the date when he or she died or the date on which the medical practitioner referred to in [paragraph (a)](#GS62@Gs1@Hpa@EN) of [regulation 62(1)](#GS62@Gs1@EN) certifies in his or her report the matters referred to in that paragraph. > > > (3)  In calculating the amounts referred to in [subregulations (1)](#GS63@Gs1@EN) and [(2)](#GS63@Gs2@EN) , ***n*** must not exceed 20. > > > (4)  The Commission must, out of the PRB Fund, pay to a person who is entitled to a death or invalidity benefit under [subregulation (1)](#GS63@Gs1@EN) , in respect of a member who served 20 or more years as a member, such further amount as the Commission may determine on the advice of the Actuary, who is to have regard, in that advice, to – > > > > > > (a) the benefit which may be attributed to any portion of the service of the member in excess of 20 years; and > > > > > > > (b) the minimum benefits prescribed under the SG Act.