Defined benefit (DB) Section

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What happens if I die?

The benefits that are payable in the event of your death depend on whether you die before or after taking your money in retirement, and whether or not you’re still working for Emerson.

Death after retirement

If you die in retirement, one of the following options will apply, depending on your circumstances:

  • Where no benefit becomes payable to a spouse or the member’s children, a lump sum equal to five times the current annual pension less the total of the pension instalments already paid
  • A pension to the member’s survivor equal to 50% of such members
  • Pre-commutation pension (reduced by 2% for each year over ten that the member was older then the recipient)
  • At the Trustee’s discretion, a pension paid to each surviving child, subject to a maximum of four, equal to one quarter of the pension paid to the member’s survivor

Death in service

If you die in service, one of the following options will apply, depending on your circumstances:

  • A pension to the member’s survivor equal to 50% of such members’ prospective pension (reduced by 2% for each year over ten that the member was older then the recipient)
  • At the Trustee’s discretion, a pension paid to each surviving child, subject to a maximum of four, equal to one quarter of the pension paid to the member’s survivor

To help the Trustees decide who they should make any lump sum payments to, you should complete an expression of wish form. The Trustees aren’t legally bound by your wishes, but it’ll help them in making their decision. You can find the form on the Resources page.

As there are many different Sections of the Plan, it’s recommended that you contact Gallagher in the first instance with your name, contact details and National Insurance number. Visit the Contact us page.

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