Child’s pension (Medas section members yet to take their benefits)
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Child’s pension (Medas section members yet to take their benefits)
The Plan will pay one third of your revalued, deferred pension to be shared amongst any eligible children However, if the Plan is not paying a spouse’s pension, the amount of pension will be the lower of two thirds of revalued deferred pension, and the total revalued deferred pension (less any spouse’s guaranteed minimum pension).
If your we to die before taking your benefits and after your normal retirement date, then different benefits may be payable. Please contact the Plan’s administrator, Trafalgar House for more information.
The Plan defines eligible children as follows:
- Your legitimate and illegitimate children
- A child conceived but not yet born
- Children 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. The Plan will also pay an pension to any eligible child who is financially dependent because of a disability.