Death Benefits
What happens if I die before my pension starts?
If you die while in employment and are contributing to the Scheme as required by your employer, the benefits are:
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Lump Sum |
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Survivor’s Pension |
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Children’s Pensions |
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3 times your pensionable
earnings at the date of your death; and
a refund of your own
contributions, with
interest.
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50% of the pension you would have received, calculated on full pensionable service to
age 65 and your
pensionable earnings
at the date of your death. |
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12.5% of the pension you would have received, calculated on full pensionable service to
age 65 and your pensionable earnings
at the date of your death, would be paid to each of up to 4 dependent children.
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See Important Notes
What happens if I die after leaving the Scheme?
If you die after leaving the Scheme but before you start receiving your pension the benefits are:
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Lump Sum |
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Survivor’s Pension |
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Children’s Pensions |
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a refund of your own
contributions, with
interest.
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50% of the pension you would have received, calculated on the
value of your deferred pension at the date of your death.
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12.5% of the pension you would have received, calculated on the value of your deferred pension
at the date of your death, would be paid to each of up to 4 dependent children.
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See Important Notes
What happens if I die after my pension starts?
When you die after your pension has started the benefits are:
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Lump Sum |
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Survivor’s Pension |
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Children’s Pensions |
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if you die within 5 years of the start then a lump sum is paid. This is equal to the unpaid balance of the first 5 years’ pension payments, the balance being payable at the current rate of pension at the date of death.
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50% of your pension (calculated on your full pension before you
took any tax-free cash and including increases to your pension).
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12.5% of your pension
(calculated on your full pension before you took any tax-free cash and including increases to
your pension) would be paid to each of up to 4 dependent children. |
See Important Notes
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Important Notes |
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Except for legal spouses, it will be necessary for the Trustee to receive confirmation that the nominee for a pension is eligible at the date of the
member’s death.
Because of the regulations governing schemes which are ‘contracted-out’ of the additional State pension, the Widow’s/Widower’s Guaranteed Minimum
Pension, or Minimum ‘Reference Scheme’ pension (for any member’s service from 6 April 1997), will always be provided, and must be paid to a legal spouse, if you have one, from the date of your death.
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Do I Need To Update My Nominations?
You should ensure that your nominations are kept up to date. If you wish to make any changes to the nomination, please notify the Final Salary Pensions Team in writing.
If you would like to download the Nomination Form click here
Who Is Eligible For The Lump Sum?
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Lump Sum May Be Paid To: |
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one or more persons or organisations;
if you choose more than one, you must state the percentage you want each person or organisation to receive;
you should not use the words ‘Executor’, ‘Administrator’, ‘In Trust for’ or ‘Estate’ for your nomination, but the proper names of persons or organisations.
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Who Is Eligible For The Survivor's Pension?
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Survivor’s Pension May Be Paid To: |
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your spouse or ex-spouse; or
anyone who lives with you and shares the living expenses; or anyone who is financially dependent on you (a child may only be nominated as described
below.);
you may nominate a child (of any age) who is disabled and is unable to earn a living (in this case the child would be paid the survivor’s pension, but not the
child’s pension);
you may nominate a dependent child to receive the survivor’s pension only up to the date he or she ceases to be treated as a “Child” (See Who Is Eligible For The Children's Pension? for definition of Child). No other child’s pension can be paid at the same time.
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Who Is Eligible For The Children's Pension?
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Children’s Pensions May Be Paid To: |
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any child who is aged under 18; or
any child below age 22 if in full-time education; or
a child of any age who is disabled and unable to earn a living, unless the child is already receiving a survivor’s pension;
“Child” will have the meaning defined in the formal rules.
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Are There Any Circumstances That Affect Children's Pensions?
Children’s pensions cease on reaching age 18, or 22 if in full-time education, unless the child is disabled and unable to earn a living when the pension can continue for the rest of that child’s life.
Children’s pensions will be doubled if:
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dependent children are orphans or become orphans |