Child’s pension (Bank of Ireland members who have taken their retirement benefits)

Child’s pension (Bank of Ireland members who have taken their retirement benefits)

The Plan will pay 25% of the spouse’s pension for each eligible child. This is up to maximum of four children.

The Plan defines eligible children as follows:

• Your natural children
• Stepchildren by marriage (if the are financially dependant on the you at date of your death)
• Children legally adopted by you before leaving service
• 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 16 or age 21, if your child remains in full-time education or training approved by the Trustee. If any child is wholly incapacitated, a pension will continue to be paid to them for as long as they remain incapacitated.