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Lump sum death benefit

If you were to die in service as an active member of FPS 2015, a lump sum death benefit would be payable. This would be a lump sum equivalent to three times your final pay as of the date of death.

Final pay is normally the greater of the following:

  • the amount of the member’s pensionable pay and assumed pensionable pay during their last 365 days of continuous pensionable service
  • the amount of the member’s pensionable pay and assumed pensionable pay during their last 3 years of pensionable service, divided by three

If a continuous period of service includes 29 February, 366 is substituted for 365. Provisions are also made for arriving at a figure of annualised final pay if the continuous period of pensionable service is less than 365 days. 

If you have more than one active member’s account, a lump sum death benefit is payable in respect of each of those accounts.

Download and complete the death grant nomination of recipient form.

5 year guarantee lump sum

If you were to die within 5 years of your pension coming into payment, there would be a lump sum death benefit equivalent to the difference between five times the annual amount of pension and the amount of instalments of pension paid.

If you were both an active member and a pensioner member at the date of your death, the amount of lump sum death benefit payable would be the greatest amount between either the active membership or of the pensioner membership.

Payment of the lump sum death benefit

The authority may, at its absolute discretion, pay the lump sum death benefit to or for the member’s nominee, personal representatives, or any other person appearing to the authority to have been a relative or dependant of the scheme member.

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