|[s167][Part 2, Sch 28]|
There are six pension death benefit rules dealing with payment
of pension benefits following the death of a scheme member. These
prescribe the various ways a pension benefit may be paid and in
The pension death benefit rules differentiate between registered pension schemes on the basis of whether they are providing benefits on a money purchase or defined benefits basis. Some of the rules apply to only money purchase arrangements, some only to defined benefits arrangements and some to both types of arrangements.
The types of authorised pension benefit payable on the death of the member under the different forms of arrangement mirror the types payable from such arrangements in the lifetime of the member.
RPSM10101010 lists the different pension death benefits that may be provided under a money purchase arrangement. (A cash balance arrangement is within the definition of a money purchase arrangement.)
RPSM10102010 lists the pension death benefits payable from a defined benefits arrangement.
And at the point benefits are provided under a hybrid arrangement, the arrangement will become either a money purchase or a defined benefits arrangement, depending on which form of benefit is actually paid.
RPSM10103000 deals with the position where a member of a hybrid arrangement dies before drawing their full entitlements under the arrangement.
|Glossary ( RPSM20000000)|