Security for loved ones
The Local Government Pension Scheme incorporates a Life Cover protection for all its members whether they are actively contributing, have contributed previously and hold deferred benefits or retired and are currently drawing a pension income.
Your family has financial security, with immediate life cover and a pension for your spouse, civil partner or eligible cohabiting partner and eligible children in the event of your death.
If you ever become permanently ill and you've met the 2 years vesting period, you could receive immediate ill health retirement benefits.
There are various elements to benefits which may be payable upon the death of a member.
An ongoing pension is provided for your husband, wife, registered civil partner or, subject to certain qualifying conditions, your co-habiting partner. This pension is payable immediately after your death for the rest of their life and will increase every year in line with the cost of living (Consumer Prices Index).
For your husband or wife: the pension payable is equal to 1/160th of your final pay times the membership your pension is based on, unless you marry after retirement in which case it could be less.
If you marry after retiring:
A widowers's pension will be based your membership after 5th April 1988, whilst widows pension would be based on post 5th April 1978.
Civil or cohabiting partners pension:
For a widower, the pension payable is equal to 1/160th of your final pay times your membership in the scheme after 5th April 1988, whilst widows pension would be based on post 5th April 1978. A civil partner’s pension could be based on all membership depending on when the member left and died.
Payable to eligible children and increase every year in line with the cost of living (Consumer Prices Index). The amount of pension depends on the number of eligible children you have:
Criteria for an eligible child
The above eligible children must also meet the following conditions:
- Under age 18, or
- Aged 18 and 23 and in full-time education or vocational training
- Unable to engage in gainful employment because of physical or mental impairment and either:
- has not reached the age of 23, or
- the impairment is, in the opinion of an independent registered medical practitioner, likely to be permanent and the child was dependent on you at the date of your death because of that mental or physical impairment.
- Can be a natural or adopted child or a step-child/child accepted by the family (exc a child sponsored through a charity)
In this context gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months.
A death grant is a lump sum that is payable in accordance with the deceased wishes, where no expression of wish has been made, the death grant will be paid directly to the member's personal representatives.
We advise all members of the scheme to update their death grant nomination(s) via Member Self Service, or by completing a 'Death Grant Expression of Wish Form' nominating to whom and how they wish their death grant to be paid upon their death. Although this expression is taken into consideration following a member’s death, the decision as to whom the death grant should be paid to is entirely at the discretion of the Administering Authority, to accommodate for any changes for any out dated nominations.
The whole of the death grant can be paid to one person, or the payment can be split as the Administering Authority deems fit.
If you pay Additional Voluntary Contributions (AVCs) arranged through the LGPS, the value of your AVC fund is also payable, as is any extra life cover.