Death in deferment
If you die after leaving the Fund but before drawing your pension, 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).
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.
Nomination form
You should complete a nomination form for your DB Benefits to let the Trustee know how you’d like your death in service or deferment benefits to be distributed – you can update your nomination form by clicking here. The Trustee will take into account your wishes when it comes to paying these benefits, but ultimately the discretion to whom the benefits are paid remains with the Trustee.