| [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
what circumstances.
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) |
