Child’s pension (HP members who have taken their retirement benefits)

Child’s pension (HP members who have taken their retirement benefits)

Any eligible children will each receive 15% of your pension, up to a maximum of three children. The amount the Plan will pay will be doubled if you leave no surviving spouse/civil partner. The same applies where your spouse/civil partner dies after you, but while there are still children eligible to receive a child’s pension.

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. However, this will only apply if they were incapacitated before age 18 (or 23 if they are in full time education).