What if I die after I have taken my pension?
If you die after you have retired and taken your pension, the following benefits will be payable:
- If you have a Qualifying Partner, they will be entitled to one half of your pension (before you surrendered any pension for a lump sum). However, if your Qualifying Partner is 10 or more years younger than you, the pension will be reduced.
- If you do not have a Qualifying Partner, the Trustees may pay a pension to any Dependant(s).
If you are a Former Scheme Member, the amount of pension payable to a Qualifying Partner in respect of your Former Scheme pension will be based on the level of spouse’s pension payable under the Former Scheme. If you require any further information, please contact the Group Pensions team.
PACE guarantees that you will be paid at least five years’ pension. If you die before your pension has been paid for five years, the balance of the guaranteed pension will be normally be paid as a lump sum, in accordance with the Tax Rules.
