11 May 2020
Marriage under the microscope
Marriage matters to Defined Benefit (DB) pension schemes. This is because typically they pay survivor pensions to the spouse, or qualifying dependant, of members after they have died. To value these pensions, schemes need to know (a) what proportion of members have an eligible dependant and (b) the age difference between members and their dependants (since younger dependants are likely to live longer).
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