Cash sum (EDS members who have taken their retirement benefits)

Cash sum (EDS members who have taken their retirement benefits)

If you die within five years of retirement, a lump sum will be paid by the Plan. The amount will be equal to the pension payments that would have been paid for the remainder of the five-year period. The amount paid will make an allowance for future increases.

Although the Trustee decides who will receive the benefit, they will take account of your wishes. To keep the Trustee informed of your wishes, please go to the ‘nominated beneficiaries’ section of your My Work Pension account. You will find this under the ‘Your account’ menu. Alternatively, please get in touch with the Plan’s administrator, Trafalgar House, and they will be able to send you a form.