It’s payable if the member:
- dies before retiring
- is within 5 years of their retirement
- is in active employment and dies before reaching age 75
If the member has built up separate benefits they’ve not yet claimed, a lump sum may be paid out on that Section of the Scheme.
A lump sum on death will be converted to an annual pension and paid to the member’s dependant if the member dies after age 75 and has not taken their pension benefits.
The lump sum must be paid within 2 years of the date we were first told about the members death in writing.
If the member had not yet claimed their pension benefits and are due a posthumous award, the lump sum must be paid within one year.
Read information about how the lump sum on death benefit is calculated.
Member claims pension through trivial commutation
There will be no dependant pension payable on the member's death as these benefits are included in the trivial commutation calculation.
Member claims pension through actuarially reduced early retirement (ARER)
Any benefits payable to the member's dependants will be paid in full as though the member took their pension unreduced at the time of their early retirement.
Member claims pension through terminal ill health
No lump sum on death is payable when a member who has taken a serious ill health lump sum dies.
A dependant’s pension is calculated as the appropriate fraction of the member’s original pension before it was commuted into a lump sum. It’s payable to either their:
- spouse
- civil partner
- scheme partner
- eligible dependant children