Death in Retirement
If you die while receiving a pension from Level 100+ the following benefits will be paid:
- A spouse's pension equal to 50% of your Core Pension (ignoring any reduction to take account of the fact that you chose to exchange part of your Core Pension for a cash sum) plus any additional spouse’s pension that you arranged when your Retirement Account was converted into benefits.
plus
- If you die whilst receiving a pension from Level 100+ within the first five years after your retirement, a lump sum equal to the unpaid balance of five years’ pension payments from the Scheme (at the rate applicable at the date of death disregarding future increases) will be paid.
Restricted terms
If you are a member admitted on the basis of restricted terms, your benefits may be restricted. If you are affected by restricted terms you will be notified on joining.
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