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Death in service

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
Lincox
EX ROYAL MAIL
Posts: 3485
Joined: 09 Jan 2008, 18:07
Gender: Male

Re: Death in service

Post by Lincox »

It is a death in service benefit so I would imagine once you leave service it would no longer be paid. However there are certain benefits for dependants within the pension scheme. If I am correct pension benefits are guaranteed to be paid out for a minimum of five years, so if you snuffed it within the five years, dependants would receive the balance of payments outstanding for the five years as a lump sum together with dependants pension, and if there are dependant children, they would also receive a pension presumably until they reach a certain age.
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