Child’s pension (Digital members who have taken their retirement benefits)
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Child’s pension (Digital members who have taken their retirement benefits)
The Plan will pay a pension equal to one fifth of the spouse’s pension. The amount will be paid to each eligible child up to a maximum of three children.
If you don’t leave a spouse of civil partner, the amount of child’s pension will be doubled.
If your spouse or civil partner dies while there are still eligible children, the amount of child’s pension will also be doubled.
The Plan defines eligible children as follows:
- Your natural children
- Stepchildren if they are financially dependant on the 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 18or age 23 if your child remains in full-time education or training approved by the Trustee. If, in the Trustee’s opinion any child is suffering from a mental or physical disability which would have rendered the child dependent on you, a pension will continue to be paid to them for as long as they remain in that situation.