After You Die

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After You Die

Benefits Payable on Your Death

Your beneficiaries may be eligible to receive a pension and/or a lump sum from the Scheme when you die. It is important that you complete and keep your Expression of Wish Form up to date to help the Trustee understand who you would like to receive benefits after your death.

Death in Deferment

If you die before your pension starts, a lump sum benefit will be payable equal to the total of your contributions to the Scheme together with interest.

For any period where members built up benefits on the Basic and Higher Benefit Scales, a spouse’s, civil partner’s or dependant’s Pension equal to 50% of the total of your preserved pension at the time of your death will also be paid. If you die after Normal Retirement Date, such preserved pension will be calculated as if you retired immediately before death and had not converted any pension into a lump sum. For any period where members built up benefits on the 2017 Benefit Scale, no spouse’s, civil partner’s, children’s or dependant’s pensions are payable following death in deferment.

For members on the Basic and Higher Benefit Scales who were in pensionable service on the Closure Date, a children’s pension equal to 1% per annum of the lump sum death benefit of an advanced plumber (basic scale) will be made in respect of each child (up to a maximum of 4) until he or she reaches 18 years of age.

Death After Retirement

For any period where members built up benefits on the 2017 Benefit Scale, no spouse’s civil partner’s or dependant’s pensions are payable following death after retirement. For members on the Basic and Higher Benefit Scales who retired before 6 April 1999, on death after retirement your spouse will receive a pension equal to 50% of your pension in payment at the date of your death. If you retired after 5th April 1999, your spouse or civil partner would receive a pension of 50% of the pension to which you would have been entitled at the date of your death if you had not converted any of your pension into a lump sum.

If you die within 5 years of your retirement, a lump sum will be payable equal to the value of the pension payments which would have been paid during the balance of the 5 year period, reduced to take account of early payment and disregarding any future pension increases.

Orphans, Young Spouses/Civil Partners and Dependants Pensions

If your spouse or civil partner who is receiving a pension under the Scheme dies leaving one or more children under 18 years of age, a children’s pension will be payable up to the amount of the spouse’s pension at date of death. If your spouse or civil partner is more than 10 years younger than you, the pension will be reduced.

For any period where members built up benefits on the Basic and Higher Benefit Scales, if you do not leave a spouse or civil partner on your death or if you are unmarried at date of death a pension equal to the amount which would have been payable to a spouse or civil partner may be paid to any person who was financially dependent on you.