What death benefit am I entitled to if I belong to the Contributory Scheme?
If you are a Contributory Scheme member and die before retirement, your death benefit will be paid to your
surviving partner.
A surviving partner is the widow or widower of an RBF member or the person with whom the RBF
member was in a significant relationship within the meaning of the Relationships Act 2003.
To be eligible to receive the death benefit your surviving partner must also be able to satisfy the Board that he or she was living
with you on a genuine domestic basis immediately preceding your death and that you were providing him or her with
significant financial support.
Your surviving partner may convert all or part of the lump sum death benefit into
a life pension and/or allocated pension.
If you wish you may elect in writing to have your death benefit paid direct to your estate where it will be distributed in accordance with your will. A lump sum death benefit may only
be converted to a life pension within the 3 months following your death. An interim pension is payable for 3
months until your surviving partner makes such an election.
If you do not have a surviving partner a registered carer will be able to receive payment of any lump sum superannuation benefits on your death. This is only
available where the relationship between yourself and your carer has been registered in accordance with the
provisions of the Relationships Act 2003.
If you wish you may complete the Death Benefit Nomination form and elect to have your death benefit paid
directly to your estate where it will be distributed in accordance with your will.
What death benefit am I entitled to if I have an RBF-TAS SG Account?
If you are a TAS member and have an RBF-TAS SG Account, and die before retirement, your death benefit will be paid
to your surviving partner, who may convert all or part of the lump sum death benefit into an allocated pension.
If you were a member of TAS prior to 15 May 1999 it is also possible for your surviving partner to convert all or
part of the lump sum death benefit into a life pension. A lump sum death benefit may only be converted to a life
pension within the three month period immediately following your death. If you joined TAS after this date, the
option of a life pension is not available.
If you do not have a surviving partner a registered carer will be able to receive payment of any lump sum superannuation benefits on your death. This is only available where the relationship between yourself and your carer has been registered in accordance with the provisions of the Relationships Act 2003.
If you wish you may complete the Death Benefit Nomination form and elect to have your death benefit paid directly to your estate where it will be distributed in accordance with your will.
What death benefit is my surviving partner entitled to if I am receiving a Life Pension?
If you became a member of RBF after 1 July 1994 and elected to receive
any part of your lump sum as a Life Pension at the time of your retirement,
you had two choices.
- Non-reversionary pension
- This is a greater pension which does not revert to your surviving partner and ceases
on your death.
- Reversionary pension
- This is a lesser pension which provides your surviving partner with two-thirds
of your pension on your death. This pension may be converted by your surviving partner to a lump sum within 3
months of your death.
If you were a member of RBF on or before 1 July 1994 and elected to receive any part of your lump sum as a Life
Pension, then on your death your surviving partner will automatically receive two-thirds of the pension you were
receiving at the time of your death. This will not occur if you were living apart at the time of your death and
you were not providing significant financial support. Your surviving partner will have the option of receiving
this pension for life or converting all or part of it to a lump sum within three months of your death.
What death benefit am I entitled to if I am a SFCSS member?
If you are a SFCSS member and die before retirement, your death benefit will be paid to your surviving partner, who may convert all or part of the lump sum death benefit into an allocated pension.
If you do not have a surviving partner a registered carer will be able to receive payment of any lump sum superannuation benefits on your death. This is only available where the relationship between yourself and your carer has been registered in accordance with the provisions of the Relationships Act 2003.
If you wish you may complete the Death Benefit Nomination form and elect to have your death benefit paid directly to your estate where it will be distributed in accordance with your will.
If you are a SFCSS member and you die before reaching the normal retirement age, the Death Benefit payable is a lump sum equal to five(5) times your superannuation salary, or your Accrued Retirement Benefit, or your Resignation Benefit - whichever is greater.
What death benefit am I entitled to if I am a TASSS member?
If you are a TASSS member and die before retirement, your death benefit will be paid to your surviving partner, who may convert all or part of the lump sum death benefit into an allocated pension.
If you do not have a surviving partner a registered carer will be able to receive payment of any lump sum superannuation benefits on your death. This is only available where the relationship between yourself and your carer has been registered in accordance with the provisions of the Relationships Act 2003.
If you wish you may complete the Death Benefit Nomination form and elect to have your death benefit paid directly to your estate where it will be distributed in accordance with your will.
The Death Benefit payable is a lump sum equal to your Accrued Retirement Benefit, if you are aged 55 or older. If you are under age 55, then the Benefit is a lump sum equal to the total of:
- Your Accrued Retirement Benefit Multiple, and
- 19% of your potential future service to age 55 (in years and complete months)
multiplied by your Final Average Salary.
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