s.36In-service death benefit
36
Section 36Part 5 — Pension Benefits

In-service death benefit

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If an active participant dies while still a member or a Speaker, upon his death there shall be paid to the deceased participant's designated beneficiary an amount equal to the excess, if any, of the greater of —
twelve times the participant's final pensionable earnings, determined as at the date of his death; or
his participant contribution account balance determined as at the date of his death,
over the actuarially equivalent present value determined by reference to Plan actuarial tables of the benefits, if any, payable to the participant's beneficiaries in accordance with this Law.
If the deceased participant failed to designate a beneficiary, or if his designated beneficiary has predeceased him and there is no new designated beneficiary, the amount payable under this section shall be paid to the participant's estate.

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