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You can nominate somebody to receive some benefits from the RMPP when you die. They could be eligible for a lump sum and/or a pension, depending on whether you die before or after you start receiving your pension benefits.
It’s important that you tell us who you would like to get any benefits when you die. You can do this by filling in a nomination of beneficiary form which you’ll find at the bottom of this page.
If you need to tell us about the death of someone who was a member of the RMPP, please contact the Pensions Service Centre – their contact details can be found below.
If you die and have not yet started receiving your pension the following benefits will be paid – part from the RMPP and part from the RMSPS.
If you are still employed by your Employer (or you have opted out of the Plan)
A lump sum. This will be the actual value of your Cash Balance fund (i.e. not reduced to for early payment) plus the higher of:
Note: For the purposes of this calculation, final pensionable pay is not reduced by the Lower Earnings Deduction.
A pension. This will be paid to your spouse or civil partner, and will be half the Age60 and Age65 benefits that you would have received at the time of your death. There may be children’s pensions payable as well, usually until they turn 18.
If you are not married or in a civil partnership, a pension may be payable to someone who is financially dependent on you (such as a partner you live with).
If you have left your Employer
Lump sum
Five times the annual rate of the Age60 and Age65 pension (excluding any pension supplement and without enhancement) at the date of your death plus the actual value of your Cash Balance fund (i.e. not reduced for early payment).
Note:
A pension. This will be paid to your spouse or civil partner, and will be half the Age60 and
Age65 benefits that you would have received at the time of your death. There may be children’s pensions payable as well, usually until they turn 18.
If you are not married or in a civil partnership, a pension may be payable to someone who is financially dependent on you (such as a partner you live with).
Whether you are still employed by your Employer or not, it is very important that you tell us who you would like to get any benefits when you die. There are different forms for you to fill in – these are to be found at the bottom of this page.
If you’re already taking some of your benefits when you die, different amounts will be paid.
If you die after you’ve started taking all your benefits, your spouse or civil partner will get a pension. If you’re not married or in a civil partnership, you can nominate someone who is financially dependent on you to receive the pension. And if you die within five years of starting to take your benefits, a lump sum is paid too. This is equal to the balance of the remaining unpaid pension up to the five-year limit.
It’s very important that you confirm who you would like to get any benefits when you die. There are different forms for you to fill in – these are to be found at the bottom of this page.
If you’ve not had your Age60 and Age65 benefits both put into payment when you die, different amounts will be paid.
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If you don’t know which section you’re in, contact the Helpline (contact details are at the bottom of the page); or If you recieve an Annual Benefit Illustration the section is noted on the front page.