payment is made one month or more after the due date, or, in the case of contributions income, after the 14th of the month following the month in which deduction of the contributions fell due. Interest will be calculated at one per cent above base rate on a day for day basis, from the date due to the date of payment and compounded with rests. The Administering Authority may pay the NCC’s policy is that where, in STC's opinion, STC Head of Pensions 17. R13-82(2) whole or part of the total amount due from circumstances are such that the production of the Pension Fund in respect of a deceased probate or letters of administration are not A52(2) member to either their personal required, this discretion will be exercised and representatives or any person or persons is delegated to STC. The decision will be R97-95 appearing to the Administering Authority to made according to STC's Death Grant be beneficially entitled to their estate, Protocol. without the production of probate or letters of administration. No. Regulation Discretion Current Policy Decision Reference Where a person is entitled to receive NCC's policy is that where, in STC's opinion, a STC Head of Pensions 18. R13- 83
payment is made one month or more after the due date, or, in the case of contributions income, after the 14th of the month following the month in which deduction of the contributions fell due. Interest will be calculated at one per cent above base rate on a day for day basis, from the date due to the date of payment and compounded with rests. 17. R13-82(2) A52(2) R97-95 The Administering Authority may pay the whole or part of the total amount due from the Pension Fund in respect of a deceased member to either their personal representatives or any person or persons appearing to the Administering Authority to be beneficially entitled to their estate, without the production of probate or letters of administration. NCC’s policy is that where, in STC's opinion, circumstances are such that the production of probate or letters of administration are not required, this discretion will be exercised and is delegated to STC. The decision will be made according to STC's Death Grant Protocol. STC Head of Pensions No. Regulation Reference Discretion Current Policy Decision 18. R13- 83 Where a person is entitled to receive NCC's policy is that where, in STC's opinion, a STC Head of Pensions
NCC-Administering-Authority-Discretions-Policy.docx