(1)  Subject to subregulation (2) , where, before attaining the age of 65 years, a full benefits contributor, other than an amalgamated contributor –

(a) dies; or

(b) is determined by the Board to be suffering from total and permanent incapacity in accordance with regulation 118 , and that contributor subsequently retires on the grounds of ill health within 6 months after the date of the Board's decision –

a lump sum benefit is to be calculated in accordance with the following formula:

where –

LS is the lump sum benefit payable;

FAS(3) is –

(a) the average annual salary paid or payable to the contributor in respect of the period of 3 years immediately preceding his or her death or retirement due to total and permanent incapacity; or

(b) in the case of a contributor whose length of service at the time of his or her death or retirement due to total and permanent incapacity is less than 3 years, the average annual salary paid or payable in respect of the actual period of service;

ABMF is the contributor's adjusted benefit multiple factor, calculated by taking the rate or rates of contribution made by the contributor and multiplying the benefit multiple factor prescribed for that rate or those rates of contribution under regulation 44 by the contributor's length of service in years at that rate or for each of those rates of contribution and accumulating each result obtained from those multiplications;

PBMF is, subject to regulation 45 , the contributor's prospective benefit multiple factor, calculated by taking the basic contribution rate applicable to the contributor and multiplying the benefit multiple factor prescribed for that rate of contribution under regulation 44 by whichever is the lesser of the following:

(a) the contributor's length of prospective service expressed in years, commencing on the day immediately following the day of his or her death or retirement due to total and permanent incapacity and ending on the day on which he or she would have attained the age of 60 years;

(b) 25 years;

PP is the percentage of the lump sum benefit that the contributor or the surviving partner of the contributor has elected, under regulation 79 , to be taken as a pension.

(2)  Where, before attaining the age of 65 years, an amalgamated contributor –

(a) dies; or

(b) is determined by the Board to be suffering from total and permanent incapacity in accordance with regulation 118 , and that contributor subsequently retires on the grounds of ill-health within 6 months after the date of the Board's decision –

a lump sum benefit is to be calculated in accordance with the following formula:

where –

LS is the lump sum benefit payable;

SB is the pension value of the amalgamated contributor's superannuation units as at 30 June 1982;

DS is the differential salary of the amalgamated contributor which is to be the FAS(1) of the contributor less the annual salary paid or payable in respect of that contribution as at 30 June 1982;

FAS(1) , in the definition of "DS" , is –

(a) the salary paid or payable to the amalgamated contributor in respect of the 12 months immediately preceding his or her death or retirement due to total and permanent incapacity; or

(b) in the case of an amalgamated contributor whose length of service at the time of his or her death or retirement due to total and permanent incapacity is less than 12 months, the average annual salary paid or payable in respect of the actual period of service;

PP is the percentage of the lump sum benefit that the amalgamated contributor or the surviving partner of the contributor has elected, under regulation 79 , to be taken as a pension.

(3)  Where a contributor to whom this regulation applies retires on the grounds of total and permanent incapacity, the Board is to pay the benefit calculated under subregulation (1) or (2) to that contributor in accordance with regulation 79 .

(4)  Where a contributor to whom this regulation applies dies, the Board is to pay the benefit calculated under subregulation (1) or (2) in accordance with regulation 130 .