Death in service

If you’re in the Pace DC pension scheme

The amount your beneficiary will receive depends on how much you contribute to Pace DC. You can find out full details on the Pace DC website.

You need to nominate a beneficiary for your pension separately.

If you’re in the Pace DB pension scheme (formerly Pace Complete)

If you also have benefits in Pace DB and you have not left the Co-op since October 2015 (the date Pace DB closed) you will be entitled to additional death in service benefits. Read the Pace DB Guide for more information.

Additional payouts for accidents

If you die from an accident, inside or outside of work, your beneficiary will receive an additional cash sum 3 times your annual salary or £75,000 - whichever is greater, up to a maximum of £1million.

Read more about your personal accident cover.

Isle of Man colleagues

If you die while employed by Co-op and you’re not in the registered Manx Co-op pension scheme, your beneficiary will receive a cash sum equal to your annual salary.

If you’re in the Manx Co-op pension scheme your beneficiary will receive a cash sum equal to three times your annual salary.

A dedicated Co-op support worker will contact your family or legal representative and help them through the claim.

If you have transferred to Co-op from another business

If the company you used to work for was sold or transferred to Co-op under a “TUPE” transfer and the death in service benefits you were provided with were higher than the Co-op’s, these benefits may have been protected upon transfer.

You will have received confirmation of this upon transfer however you can check your benefits by contacting HR Services.

If you need further support

If you’re a relative or legal representative of someone who’s died while working for Co-op, you can contact queries@pensions.coop to get help and advice about their death in service cover, even if they were not in the pension scheme.