Death in deferment benefits

The following summarises the benefits provided by the scheme in the event of the death of a deferred member (before commencing drawing their pension).

On death in deferment, the pension scheme provides a member's spouse with an annual pension equal to 30% of the accrued pension the member would have received at Normal Retirement Age (based on Pensionable Salary and Pensionable Service up to the date of death).

The scheme will pay the member's dependants a lump sum equal to the member contributions that were paid into the scheme.

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