If you die whilst working for the Company and you’re an active member of the Fund at the time you die, a spouse’s pension or a qualifying partner’s pension will be payable. Its value will be 50% of the preserved pension that would have been payable to you at that date.
Children’s and dependants’ pensions
Dependent children will receive a pension until they are 18 (or 23 if they’re in full-time education or training approved by the Trustee).
If you die while still working for the Company, and you have dependent children, the children’s pension may be payable. It can be paid up to a maximum of four children at any one time.
All eligible children will receive a pension amount of 1/8th of the amount of pension income you were eligible to receive as at your date of death.
Where there’s no spouse or dependant (other than children) the children’s pension will be increased by up to a further 1/8th on all the amounts set out above.
The aggregate amount of Spouse’s pension and the children’s pension at any time will not exceed the member’s pension.
Children’s, dependants’ and spouses’ pensions increase at the same level as normal retirement pensions.