Death benefit

Death benefits are payable if you die. Your options vary depending on if you are a contributing member, preserved member or PSS pensioner.

In the event of the death of a PSS member, please contact us.

 

Who receives my death benefit?

In the event your death, your PSS benefit will generally be paid to your eligible spouse and/or children. If you have no eligible dependants, it will be paid to your estate. Read below to learn about death benefits for:

You can also find out about the higher dependant pension option.

 

I’m a PSS contributing member

As long as you are not a limited benefits member, the death benefit payable to your eligible spouse will be a percentage of the pension you would have received had you retired on invalidity grounds; the relevant pension payment percentage is in the table below. The pension increases for any eligible children as also shown below.

Your eligible spouse can choose to take their benefit as a:

  • pension
  • lump sum or
  • combination of both (provided that at least 50% of their benefit is converted to a pension).

If you are a limited benefits member at the time your death, no pension will be payable to your eligible spouse; the only benefit payable will be a lump sum. If you have no eligible dependants, a lump sum benefit will be paid to your estate.

 

I’m a PSS preserved benefit member

If you die as a preserved benefit member, the pension benefit payable to your eligible spouse will be a percentage of the pension you would have received had you retired on invalidity grounds; the relevant pension payment percentage is in the table below.

The pension increases for any eligible children as also shown below.

Your eligible spouse can choose to take their benefit as a:

  • pension
  • lump sum or
  • combination of both (even if your entire benefit had not been preserved).
  • If you have no eligible depenants, the benefit will be paid as a lump sum to your estate.

 

I’m a PSS pensioner

If you die while receiving your PSS pension, your eligible spouse is entitled to receive a reversionary pension that is a percentage of your pension when you died.

The pension percentage payable to your spouse will depend on if you chose the higher dependant pension option when you retired.

The relevant pension payment percentage is in the table below.

 

Higher dependant pension option

If you retire on age or involuntary retirement grounds, or claim your preserved benefit on age grounds, you can elect to receive a lower pension at the time, in return for your eligible spouse and/or children to receive a higher pension after your death.

You can elect to reduce your pension to 93% of the normal pension rate and, in return, your eligible spouse and/or children will receive a higher pension. This option is not available if you retire on invalidity grounds or die as a contributing or preserved member.

 

Payment percentage for spouse pension

Dependants

Amount as percentage of your standard rate pension

Amount as percentage of your reduced rate pension*

Spouse only

67%

85%

Spouse and one child

78%

97%

Spouse and two children

89%

108%

Spouse and three or more children

100%

108%

* Percentage applies to members who elect higher dependant option at retirement