Scheme information

Death in deferment

If you die after ceasing to be a contributing member of the Scheme, but your pension has not yet come into payment, the following benefits will be paid:

Lump sum

If you die in deferment, the Trustee has the discretion to pay a lump sum equal to the value of your contributions (whether made directly or via AA Plus), plus interest to date of death.

This will be paid to a beneficiary chosen at the discretion of the Trustee, taking into account any beneficiary nominated by you on your Expression of Wish form.

Any AVC account balance(s) would also become payable in the event of your death.

Spouse’s or dependant’s pension

Your spouse’s or dependant’s pension is calculated as 50% of your deferred accumulated retirement income.

A child’s pension

Pensions are paid for up to four children under age 18. Each pension is equal to one quarter of the spouse’s pension.

Pensions may be paid at the discretion of the Trustee for children up to the age of 23, if they are still in full-time education.