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

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

Usually, no cash sum will be payable.

However, if you retired on the grounds of incapacity, and die before reaching your normal retirement date, a cash sum will be paid. This also applies if you are a ‘closure’ member. The sum paid will be equal to four times your basic pensionable salary, calculated at their date of your retirement.

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.