Death in service

A lump sum is paid of four times your annual pensionable pay at the date of death.

Your spouse will receive a pension of 50% of the prospective pension, which is the pension you would have received had you continued in pensionable service until your normal retirement date based on your pensionable pay at the date of death. The spouse’s pension will be reduced if your spouse is more than 10 years younger
than you.

The Trustees may decide that your partner or dependant (with whom you share living costs) may receive a pension equal to a spouse’s pension. If you have a partner or dependant, it is important you complete an Expression of Wish Form that reflects your current circumstances so that the Trustees know your wishes.

If you have registered a civil partnership before your death in service, your civil partner will receive any contracted-out benefits built up from April 1988 and all spouse’s pension benefits built up by you since 5 December 2005.

A pension will be paid equal to 25% of the prospective pension for each of your first two eligible children. If you have more than two eligible children, a total pension of 50% of the prospective pension will be paid, shared among all your children as the Trustees decide. Children’s pensions are paid up to age 18. If any children are in
full-time education, the pension may be paid up to age 23, at the discretion of the Trustees.

If no spouse’s pension is payable, each child’s pension will be increased to 37.5% of the prospective pension. If more than two children’s pensions are payable, a maximum of 75% of the pension at date of death would apply.

Example

You die after completing five years’ pensionable service, leaving a widow(er) and a young child. You have a further 20 years of potential service to normal retirement date. Your annual pay/pensionable pay is £15,000. The following benefits would be payable: