Death in retirement
Your eligible husband or wife will receive a pension of half your pension at the date you died (ignoring any reduction from taking a cash sum). Eligible children – who must be aged less than 18 (or 23 if they are in full-time education) – will also receive pensions.
If you die within five years of retiring, the balance of your pension for the rest of that five-year period – based on the monthly rate of pension you are receiving at the date of your death – will be payable as a cash sum (currently tax free).