Before age 65 (Normal Retirement Date)
If you die after leaving Level 100+ and are entitled to a deferred pension, your surviving spouse will receive a pension of 50% of your Core deferred pension revalued to the date of your death and adjusted by the Longevity Adjustment Factor. In addition a lump sum equal to the value of your Retirement Account will also be payable. If you have no surviving spouse a refund of your Basic Contributions will be payable.

On or after age 65
If you die on or after Normal Retirement Date before your pension has started, your surviving spouse will receive a pension of 50% of the Core Pension you would have received if you had retired immediately before your death, without giving up pension for a lump sum. In addition, the five year payment guarantee will apply in respect of this notional retirement pension. A lump sum equal to the value of your Retirement Account will also be payable.


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.