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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 25 March 2002 - onwards
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10. Amendment of Part 30 (occupational pension schemes, retirement annuities, purchased life annuities and certain pensions) of Principal Act.

(1) Part 30 of the Principal Act is amended:

(a) in Chapter 1 -

(i) in subsection (3) of section 772 -

(I) by substituting the following for paragraph (b):

"(b) that any pension for any widow, widower, children or dependants of an employee who dies before retirement shall be a pension or pensions payable on the employee's death of an amount that does not or, as the case may be, do not in aggregate exceed any pension or pensions which, consonant with the condition in paragraph (a), could have been provided for the employee on retirement on attaining the specified age, if the employee had continued to serve until the employee attained that age at an annual rate of remuneration equal to the employee's final remuneration;",

(II) by substituting the following for paragraph (d):

"(d) that any benefit for any widow, widower, children or dependants of an employee payable on the employee's death after retirement is a pension or pensions such that the aggregate amount of such pension or, as the

Comparing proposed amendment...