If you die while you are still employed and paying into the pension scheme we will pay a death grant of three times your assumed pensionable pay. This may be different however if you also have a deferred benefit and/or pension in payment with the Local Government Pension Scheme. Further information can be found on the LGPS Member website.
If you pay Additional Voluntary Contributions (AVCs) through the in-house AVC provider Prudential, the value of your AVC fund is also payable as a lump sum.
The North Yorkshire Pension Fund (NYPF) has absolute discretion over who to pay your death grant to and will use your nomination as a guide to your wishes. This enables the payment to be made free from Inheritance Tax. It is therefore important that you review and update your nomination regularly especially after a change in personal circumstances like a marriage, the birth of a child, death of a nominee, seperation or divorce. You can nominate anyone you wish, including registered charities. You do not have to pay the whole death grant to one nominee but you must tell us how much you want each one to receive e.g. 40%, 60% etc. and the total must add up to 100%.
You can check and update your nominations easily by logging in or registering for My Pension Online. Alternatively you can complete a Death Grant Nomination form.
Survivor’s pension
A pension is payable to your husband, wife, civil partner and if eligible your cohabiting partner. You don’t have to provide us with details of your cohabiting partner but, we recommend that you do so by completing the Nomination of Cohabiting Partner for Survivor’s Pension form. The form provides further information on the criteria for payment of a cohabiting partner’s pension.
The survivor’s pension is payable immediately after your death for the rest of their life and will be adjusted every year in line with the cost of living.
Please see LGPS Member website for further information.
Child’s pension
A child’s pension is also due to any eligible child/children. The amount of pension depends on the number of eligible children and whether a survivor’s pension is being paid to a spouse, civil partner or eligible co-habiting partner. Where a pension is payable to two or more children the pension will be shared equally.
Please see LGPS Member website for further information.