44Rights of members with unassurable lives

44 Rights of members with unassurable lives

44.1 This section applies to a member who when he or she became a member:

 (a) had a policy other than an endowment assurance policy; or

 (b) elected under subsection 10.3 (or subsection 9(3) of the previous statute) that the contributions under section 12 of this Statute (or section 11 of the previous statute) in respect of the member should be held and accumulated by the Council.

44.2 A member to whom this section applies who is a member at the entitlement date applicable to the member is entitled to benefits under this Statute as if this section did not apply.

44.3 If:

 (a) a member to whom this section applies dies; or

 (b) the appointment to the University of a member to whom this section applies is terminated because of invalidity or incapacity,

before the entitlement date applicable to the member, the Council must pay to the member from the Fund or, if the member is dead, to a person referred to in paragraph 20.1(a), 20.1(b) or 20.1(c), as the case requires, an amount equal to the sum of:

 (c) the amounts contributed by the member to the Fund; and

 (d) the amounts, if any, contributed by the member to the Supplementary Superannuation Benefits Fund; and

 (e) the amount of the contributions paid by the University in respect of the member to either of the Funds referred to in paragraphs 44.3(c) and 44.3(d).

PART VII—GENERAL PROVISIONS RELATING TO SUPPLEMENTARY SUPERANNUATION BENEFITS