Child’s pension (Medas members who have taken their retirement benefits)
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Child’s pension (Medas members who have taken their retirement benefits)
The Plan will will pay a pension equal to one third of your pension. The amount of pension won’t be reduced if you chose to convert some of your pension into a cash sum when you retired. If you leave more than one eligible child, the pension will be shared between them.
The Plan defines eligible children as follows:
- Your legitimate and illegitimate children
- A child conceived but not yet born
- Children adopted by you
- Any other children who, in the Trustee’s opinion, were dependent on you at the date of your death
A pension paid to a child will be payable until age 18 or age 23 if they remain in full time education, or training approved by the Trustee. The Plan will also pay a pension to any eligible child who is financially dependent because of a disability.