British Steel Pension Scheme
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Benefits on Death

If you die before Normal Pension Age, the following benefits will be payable:

  • Lump sum :
    Your dependants or personal representatives will receive a refund of your contributions paid to the Standard Section plus interest. To have your wishes taken into account it is helpful for you to have completed a Nomination Form or, if appropriate, a will.
  • A pension to your Widow/Widower, Civil Partner or partner from a same sex marriage
    A pension equal to one half of your pension earned in the Standard Section taking into account any increases between the date you left the Standard Section and death. This is payable for life and subject to the same annual pension increase as your pension
    A pension value for a partner from a Civil Partnership or same sex marriage is available from the Pensions Office.
  • Childrens' Allowances
    Where applicable, childrens' allowances are also payable.
  • If you also made pension contributions to the Scheme's Defined Contribution Section, your beneficiaries will receive the value of your Member Account as a lump sum.  See Excess contributions and Top Up Contributions.