Lump sums on death

Scheme benefits
If you die within 5 years of retiring a sum is payable equal to the balance of pensions due from the date of your death to the 5th anniversary of your retirement.

If you contributed to the PSS between 1st January 1962 and 31st January 1976, a lump sum equal to six months pension is also payable.

PSS AVC benefits
Any pension payable from added service Additional Voluntary Contributions (AVCs) is guaranteed for 10 years. If you die within 10 years of retiring a sum will be payable equal to the balance of pension due.

Important Note
These lump sums do not form part of your estate. Please let us know your wishes for the payment of these sums on a Declaration of Lump Sum Form.  Remember to let us know if your wishes change.