48Payments to children and adult children

48 Payments to children and adult children S. 48(1) amended by Nos 81/1988 s. 28(k), 120/1994 s. 57(j), 27/2001 s. 5(Sch. 3 item 5.13), 40/2010 s. 83(2). (1) If a benefit is not payable to a partner of a revised scheme member the pension for each child or adult child of the revised scheme member is to be at the rate applicable under subsection (2) or at the rate of $624 per annum whichever is the greater. S. 48(2) amended by No. 40/2010 s. 83(3)(a). (2) The pension payable to each child or adult child of a revised scheme member is— S. 48(2)(a) amended by No. 40/2010 s. 83(3)(b). (a) if there is 1 eligible child or eligible adult child, an amount equal to 45 per cent of the revised scheme member's pension; or S. 48(2)(b) amended by No. 40/2010 s. 83(3)(c). (b) if there are 2 eligible children or eligible adult children or both an eligible child and an eligible adult child, an amount equal to 40 per cent of the revised scheme member's pension; or S. 48(2)(c) amended by No. 40/2010 s. 83(3)(d). (c) if there are 3 or more eligible children and eligible adult children, an amount equal to the revised scheme member's pension divided by the number of eligible children and eligible adult children in respect of whom the pension is for the time being payable. S. 48(3) amended by No. 120/1994 s. 57(k). (3) This section does not apply if a pension was payable under section 36 or 37 and has been wholly converted into a lump sum.