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Benefits Payable to Government Employees (Section 33 as amended)
If you die while employed by the Government,
the following benefits are payable:-
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a tax-free lump sum equal to twice your Pensionable Salary; |
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a pension to your spouse equal to one third of your Pensionable Salary; |
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a pension for each of your children up to age 18, and other dependants for life or until their dependency ceases, equal to one ninth of your Pensionable Salary; |
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the value of all AVCs with accrued investment earnings attributable to them; |
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any contributions paid into your Individual Account which are not attributable to your employment with Government (eg. a transfer value paid into the Scheme from another pension scheme, or contributions paid by a former employer before you entered Government service) with accrued investment earnings attributable to them. |
A pension for a child under age 18 is payable until their 18th birthday in respect of:-
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any child of your own, whether through your current or previous marriages, or born outside of marriage, including adopted children. |
A pension for a dependant is payable for life, or until their dependency ceases, in respect of:-
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any person who in the opinion of the Pensions Board is unable by reason of any physical or mental disability or illness to maintain themselves to any extent, and was to any extent financially dependant on the member at the time of their death, and might reasonably regarded as having been likely to remain so dependant for at least 5 years (assuming the member had not died); |
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this would include any child of your partner by a previous relationship if they are financially supported by you. |
A pension payable in respect of a child or other dependant will be paid:-
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to a parent or legal guardian for children under age 18; |
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direct to other dependants age 18 or over unless they are incapable of managing their financial affairs; |
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to a trust created for any child under age 18 who has no parent or legal guardian, or to a trust created for any other dependant who is incapable of managing their financial affairs and for whom no guardianship arrangements of any kind are in place. |
Pensions payable to spouses, children and dependants are increased each year at 3% per annum. The benefits are based on the Pensionable Salary payable at the date of death.
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