Death in Service

If you die before Normal Retirement Date while employed by the Company and contributing to the Scheme, the benefits payable will be:

  • A lump sum benefit equal to three times your Contributory Salary; and
  • A return of your AVC fund if you have contributed AVCs; and
  • A pension to a Dependant of 50% of the pension which you would have earned had you remained in the Scheme until your 65th birthday, with no change in your Contributory Salary; and
  • Children's pensions for financially dependent children up to the age of 18 (or 23 if they are in full-time education). The aggregate of the pensions payable to the children will be 25% of the pension which you would have earned as above (i.e. had you remained in the Scheme until your 65th birthday, with no change in Contributory Salary) per child. If there are two or more children at any time, the total children's pension payable will be shared between the children.
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