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gkn pension
Vid3131673
Posts: 2 Newbie
I get a pension from gkn if I die my spouse receives a pension of £4200.sadly I lost my wife 10 years ago does this die with her.
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Comments
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Do you mean that you work for GKN, that your pension includes a widow's benefit, and that you are wondering if this would still be the case if you were to remarry?
Or that you are currently receiving a pension and are thinking of remarriage?0 -
Yes i do do recieve a pension of gkn I wondered weather the spouses side of my pension was transferable.0
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The scheme rules may allow the widows pension to be transferred if you remarry, you should contact the pension direct to ask them.
The Canny SaverAlways looking for a good deal on my savings, generally risk averse, but always interested in new ideas and new ways of doing things.0 -
This sounds like it could be one of two questions:Vid3131673 wrote: »Yes i do do recieve a pension of gkn I wondered weather the spouses side of my pension was transferable.
1) Can the spouse's pension be paid to a new spouse?
A: It depends on the rules of the scheme. As The Canny Saver points out, you should contact the scheme administrators and ask.
2) Can I transfer the spouse's pension to another pension arrangement?
A: No. It's a part of your pension, and if you have no spouse it simply doesn't apply.0
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