Employee pension rights in relation to old age, invalidity or survivors benefits generally do not transfer to the new employment.
Could this be a reference to death in service benefit rather than death in retirement?Employer A’s pension scheme booklet makes reference to “Leaving Employment” – it states that death benefit can be maintained under a separate policy if one leaves the employment.
Could this be a reference to death in service benefit rather than death in retirement?
I think this almost certainly refers to extending the Death in service benefit after your service, by continuing with a policy you would fund yourself, perhaps at a discount to obtaining fresh life assurance from the open market.What Employer A’s pension scheme booklet does state under the “Leaving Employment” section is - Death Benefit can be maintained by you under a separate policy on leaving the service of your employer. What concerns me is what is the scope of the term “Death Benefit” as used within this statement ?
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