What benefits are payable following the death of a Deferred Member?

What benefits are payable following the death of a Deferred Member?

A lump sum of 3/80 multiplied by pensionable service multiplied by pensionable salary applicable at the date that you left service, plus pension increases up to the date of death.

If there are no Adult Dependant or Eligible Children’s pensions payable, the lump sum payable is 5 times your deferred pension at the date you left service, plus pension increases up to the date of death.

If the deceased has paid Additional Voluntary Contributions (AVCs) the value of the accrued AVCs will also be payable as a lump sum.

If the deceased had at least 2 years Fund membership, an adult dependants pension of 50 per cent of the deferred pension at the date the deceased left service, plus pension increases up to the date of death

If the deceased had at least 2 years Fund membership, eligible children’s (children under the age of 18 or under the age of 23 for children continuing in full time education) pensions of up to 25 per cent of the deferred pension at the date the deceased left service, plus pension increases up to the date of death for children under the age of 18 or under the age of 23 for children continuing in full time education.