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Death benefits

 

Whenever a member dies in service before Normal Retirement Age, the following benefit is payable to the nominated beneficiaries:

 

  •          A lump sum equal to five (3) times of the last annual Pensionable Salary. Effective 1st July 2011. For death cases that took place before 1st August 2011, the death lump sum payable is Five (5) times the last annual pensionable salary.

 

  •          A regular annuity from an insurance company, whose amount is dependent upon what, is available in a deceased members’ account.