Child’s pension (HP section members yet to take their benefits)

Child’s pension (HP section members yet to take their benefits)

If you die before your normal pension date
No pension will be payable.

If you die after your normal pension date
A children’s pension will be payable equal to 15% of the pension you would have received if you had retired the day before your death, multiplied by the number of children (up to a maximum of three).

If no pension is being paid to a spouse, civil partner or other dependant (or if such a pension ceases to be payable while there are still pensionable children), the percentage will increase.

The Plan defines eligible children as follows:

• Your natural children
• Stepchildren by marriage if they are financially dependant you at date of your death
• Children legally 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. If an eligible child is wholly incapacitated, the Plan will pay them a child’s pension for as long as they remain incapacitated.