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Death in retirement

If you die after you've retired, the benefits your nominated beneficiaries and/or dependants will receive will depend on which section or sections you were a member of.

If you are DB member and die within 5 years of your retirement, your spouse or civil partner could receive a pension when you die. However, if you do not have either, or you have been separated for more than two years, you can fill in a Dependant’s Pension Application Form to nominate someone else to receive this benefit. The Trustees will then take this form into consideration when you die.

Remember, this death benefit cash sum is only payable to DB members if they die within 5 years of retirement. For more information on this, see Pensioner section.

Spouse's pension

Your spouse, or civil partner will usually receive a pension based on a percentage of your DB pension at the date of your death. If you chose to take any tax free cash or give up any pension to provide additional dependant’s pension then it will be adjusted to account for this. In some circumstances this pension may be reduced (for example, if your spouse or civil partner is more than ten and half years younger than you – as it’s likely that your spouse’s pension will need to be paid for longer in this instance). To find out more about what your spouse might be entitled to after you die, please contact Nestlé Pensions.

Dependant's pension

If you are not married or in a civil partnership, or you have been separated for at least two years, the Trustees have discretion to pay a benefit equivalent to a spouse’s pension to a dependant. To nominate someone to receive your dependant’s pension, you should complete a Dependant’s Pension Application Form. In some circumstances this pension may be reduced (for example, if your dependant is more than ten and half years younger than you – as it’s likely that your dependant’s pension will need to be paid for longer in this instance). To find out more about what your dependant might be entitled to after you die, please refer to any documents that we have previously sent you or contact Nestlé Pensions.

To find out more about what your loved ones might be entitled to after you die, please contact Nestlé Pensions.

If you have no spouse, civil partner or other financial dependant when you die, no dependant’s pension will be paid.

Children's pension

If you have dependent children, they will receive a percentage of your pension at retirement. If you chose to take any tax free cash or give up any pension to provide additional dependant’s pension then it will be adjusted to account for this. As with any other benefits, what they receive will depend on various factors and vary from member to member but, in most cases, children’s pensions are only paid to dependent children aged up to 18 (or up to 23 if in full-time education). The Trustees have the discretion to pay pensions to stepchildren and foster children. If you have no dependent children at the time of your death, no dependent children’s pension(s) will be paid.