Death in retirement

Your pension is guaranteed to be paid for the remainder of your lifetime, or five years if longer.

If you die within the first 5 years of retirement, the remainder of the 60 monthly instalments of retirement income at the date of death will be payable as a lump sum to your dependants.

The recipients will be at the discretion of the Trustee but they will take into account any nominations on your Expression of Wish form. You can download an Expression of Wish form from the Document library section of this website.

A pension will be payable to your spouse, civil partner or dependant of 50% of your full, accumulated retirement income (including increases to the date of your death). Lump sum and/or spouse’s or civil partner's benefits may also be part of benefits you purchase with any AVC account balance(s) depending on the choices you made.

Payment of pension benefits to a spouse, civil partner or dependant are dealt with separately to the Lump Sum. Please refer to the dependant's Nomination Form for more information. This can be found in the document library.

Pensions are paid for up to four children under age 18. Each pension is equal to one quarter of the spouse’s, civil partner's or dependant’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.