telent Pensions
The website for members of the GEC 1972 Plan
telent Pensions
The website for members of the GEC 1972 Plan
Location: About Your Pension -> Scheme Booklet -> Changes -> 20001101 Death Benefits
pages 8 and 9 of the booklet)The procedures for nominating a specified dependant under The GEC Plan have been updated. There will be no change to the amounts of benefit payable.
In future, only unmarried members may nominate a specified dependant. A married member will not be able to make a nomination even if he or she is no longer living with his or her spouse on a permanent basis. However, existing nominations are not affected.
The period in which a nomination may be made has been extended. It is now possible to make a nomination not only just shortly before the earlier of reaching age 65 and the pension starting, but up to six months after the earlier of those two dates.
As now, any person nominated must be financially dependent on the member both at the date of the nomination and at death (and must be accepted by the Trustee). However, the definition of financial dependency has been widened, so as to include for example cohabiters where the two are contributing towards shared household expenses.
Nomination forms may downloaded or be obtained from:
