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Discontinuance (factors affecting surrender values for life insurance…
Discontinuance
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factors affected benefits on scheme discontinuance, how benefits may be provided
rights of members, which depend on legislation and scheme rules
expectation of the members, which are likely to be based on the benefits that would have been paid had the scheme not discontinued
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if in surplus...
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allocation of funds may be based on length of membership or based on the extent to which members are thought to have contributed to the surplus.
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