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6C—(1) A Member who is about to retire may, by notice in writing to the Trustee, elect to surrender part of his pension in order to provide a pension payable to another person (a “Joint Annuitant”). The Joint Annuitant must be named in the election and may be either the Member’s spouse or someone dependent on the Member.
(2) The pension payable to a Joint Annuitant shall be payable from the day following the Member’s death and shall cease on the Joint Annuitant’s death.
(3) Subject to paragraphs (5) and (9), the pension payable to the Joint Annuitant shall be 15% of the Member’s Normal Pension at the date of death.
(4) The basis on which the election may be made is as set out in Schedule 5.
(5) The maximum pension which may be surrendered under this Rule is that pension which would result in the pension to the Joint Annuitant being equal to the pension remaining payable to the Member but for Rules 6A (Additional Pension), 6B (Additional Lump Sum), 6D (Early Retirement Level Pension Option), Rule 19B (GMP Increase) and Rule 19C (State Graduated Retirement Benefits).
(6) If any election under paragraphs (1) to (5) would result in the pension payable but for Rule 19B (GMP Increase) and Rule 19C (State Graduated Retirement Benefits) being less than the aggregate of:
(i)the State Graduated Retirement Benefit; and
(ii)whichever is the lesser on the date the pension becomes payable of the Contracted–out Pension and the Forecast GMP,
the election shall not be permitted.
(7) Any election under Rule 6A (Additional Pension) or 6B (Additional Lump Sum) or Rule 11A (Early Benefits) must be made before an election is made under this Rule.
(8) An election under this Rule shall be revoked if the Member or the Joint Annuitant dies before the Member’s pension becomes payable.
(9) Schedule 6 applies to a Member who was a member of the British Railways (Wages Grades) Pension Fund prior to 1st July 1974 and who before that date elected for and was granted a joint pension in accordance with rule 21 of the rules of that Fund as they stood on 30th June 1974.
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