Death of a PB BEFORE April 2008 June 2018 | Page 6

2 What Benefits Are Payable Long-term pension A pension is payable to the legal spouse/civil partner and/or eligible children. The pension will depend upon the reckonable membership and final pensionable pay of the deceased member at the date of leaving taking into account inflation to the date of death and will be worked out as follows: Paid To Amount of Pension Widow (who was married to her husband both when he left employment and when he died). ½ the current value of her husband’s accumulated pension Widower (who was married to his wife both when she left employment and when she died). ½ the current value of pension which relates to membership from 6.4.88 plus ½ the current value of pension which relates to any pre 6.4.88 membership she had elected to convert to provide increased spouse’s benefits. Surviving civil partner (who was in civil partnership both when his/her partner left employment and when his/her partner died). ½ of the current value of pension which relates to membership from 6.4.88. Children 1 or 2. ¼ * each of 3 or more. A share of ½* of 4 the higher of; either the pension the parent would have received as above or the parent’s notional pension based on 10 years’reckonable membership or membership to age 65 if this is less. SouthYorkshirePensionsAuthority * Increases to 1/3 or 2/3 respectively where no spouse’s pension payable. If the member left before 1.4.72, contact SYPA for more information Widows/widowers/surviving civil partners who married/registered their partners/partnership after they left the LGPS may receive smaller pensions depending upon the periods of membership involved. Lump Sum Death Grant A lump sum death grant is payable equal to the current value of the Preserved Lump Sum. In addition, where a member had paid into the AVC scheme, any death benefits and/or the value of the accumulated fund will become payable to the estate. 3 How Long Are Pensions Payable Long-term pensions A long-term pension is payable immediately • A widow’s/widower’s/civil partner’s pension is payable for life. • A child’s pension is payable until that child: • leaves full-time education; or • leaves or completes training; or • attains age 23; or • dies. A pension payable to a child because of permanent illness or physical or mental disability is normally payable for life. If a child’s pension has been terminated, SYPA has discretion to reinstate it, if circumstances change. You must tell SYPA immediately if circumstances change and the child’s pension should cease. Failure to do so will result in you becoming liable for any overpayment of benefits and legal proceedings may follow. SouthYorkshirePensionsAuthority 5