Pension benefits is that in the event of death prior to retiring it pays 3 times salary?

Jan 31, 2009 2 Replies

My wife has pension with local college



One of the huge benefits is that in the event of death prior to retiring it pays 3 times salary



I also work for a different college and considering starting a pension with them - i'm also considering small life policy - is it likely i would get same benefit?



it would kill two birds with one stone so to speak :o)


P.S. Would a college pension be considered 'government' or 'private' pension?



I assume it's private pension but my wife thinks otherwise



What do the trustees say ?

It'll be an occupational pension.

Also consider the case where you move jobs or are made redundant. I would guess you would probably lose these benefits.

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