Pre-Retirement Death Benefit
In the unfortunate event of a member’s passing while still actively employed, the Public Service Pensions Fund (PSPF) provides a comprehensive death benefit package designed to support the member’s dependants.
Death Benefit
Upon a member’s death, a benefit equivalent to two years of the member’s salary—based on their pay scale at the time of death—will be paid to the member’s estate. This benefit is no longer part of the estate’s assets under the Retirement Funds Act (2005) and is instead directly distributed to the member’s dependants by the Fund.
Additional Benefits
A member entitled to, or currently receiving, a pension from the Fund is covered for the following benefits upon their death:
- Death Benefit
- Surviving Spouse’s Pension
Before separation from the Fund: The surviving spouse is entitled to a pension equal to 50% of the pension the member would have received.
After separation from the Fund: The surviving spouse receives 50% of the pension the member was receiving or was entitled to receive.
Multiple Spouses: If more than one spouse survives, the pension will be divided as determined by the Master of the High Court.
- Children’s Pension:
Before separation from the Fund: Each child receives 10% of the pension the member would have received, with a maximum of 50% distributed among all children.
After separation from the Fund: Each child receives 10% of the pension the member was receiving or was entitled to receive, with similar distribution rules as above.
If No Surviving Spouse: The child’s pension doubles in the absence of a surviving spouse.
- Residual Settlement
Contract Officers
Public officers employed under a contract with the government are entitled to the gratuity specified in their contract, payable by the Fund.