BGCM EC May 2017

Your Dependants will receive the same benefits that are payable on the death of an Active Member who has not reached Normal Retirement Age. In this case, the Partner's and Eligible Children's pensions will be based on the pension you had accrued and not the enhanced pension that is paid if an Active Member retires on the grounds of ill-health (because the enhancement payable on ill-health retirement is calculated by adding a notional period of Pensionable Service equal to the period between the date of retirement and Normal Retirement age – see Section 6 of this booklet).

What happens if I die when I am still working for the GFTU but I was not in Pensionable Service?

This is the situation where a member has opted out of the Scheme. In these circumstances, the benefits described in Section 10 of this booklet will apply.

What happens if I die after I retire?

If you die after you retire but before your pension has been paid for five years, a single payment equal to the value of the unpaid balance of five years' pension payments (at the rate in payment at the date of your death), will be paid as a cash sum. The way it will be paid is set out in Section 9 of this booklet.

The Trustees will also pay a pension equal to 50% of your pension entitlement at the date of your death to your Partner.

If you have any Eligible Children when you die, the Trustees will pay them a pension as well. The amount of the pension payable will depend on how many Eligible Children you have:

 If you have a single Eligible Child, his or her pension will be equal to a Partner's pension.

 If you have two or more Eligible Children, they will share between them a pension equal to your Partner's pension

Notes about all Dependants’ benefits:

Once in payment, any pension will increase as described in Section 11 of this booklet.

The pensions payable upon your death include any widow’s or widower’s GMP which the Trustees are obliged to pay.

The Trustees may restrict the amount of a lump sum benefit payable upon death in Pensionable Service in circumstances where appropriate medical evidence of good health had been requested by the Trustees (see Section 4) but had not been supplied, and/or the benefit could not be insured. In the unlikely event that you are affected by such a restriction you will be informed by the Trustees.

26