(1) In this section -
"contingent pension" has the meaning assigned to it by subsection (5);
"scheme" means a defined benefit scheme.
(2) A preserved benefit shall be provided under a scheme only in respect of -
(a) a long service benefit, or
(b) where, by the exercise of an option under subsection (5), the trustees so determine, a contingent pension.
(3) A preserved benefit shall be calculated in accordance with Part A of the Second Schedule.
(4) Subject to subsection (5), on the death of a member of a scheme who is entitled to a preserved benefit under the scheme before such benefit commences to be payable, an amount shall be payable under the scheme to his personal representative in respect thereof equal to the actuarial value of the preserved benefit (including any preserved benefit under subsections (6) and (7) immediately before the death of the member concerned.
(a) Where a scheme provides for a pension payable to, or for, either or both the widowed spouse or any dependants
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