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Death Benefits

There are three types of death benefit available in the Plan:

Death in service

If you die as an O2 employee then a range of benefits are payable:

• A lump Sum — an amount equal to 4 times your Plan Salary at the date of your death.
• A pension to your spouse or Adult Dependant of 50% of the pension you would have received if you had retired due to ill-health on the date of your death.
• If there is one Dependent Child a pension of 50% of the spouse/Adult Dependant's pension would be payable.
• If there are two or more Dependent Children, then a pension equal to the spouse/Adult Dependant's pension would be payable.
• If there is no spouse or Adult Dependant, the Dependent Children's pension would be increased to one-third of your pension for the one Dependent Child and two-thirds of your pension for two or more children.