Pensioner Scheme
Federation Group Insurance (retirement)
Allows a retiring officer to apply to be considered for continuation in some aspects of the full Group Scheme. Members must have subscribed to the Federation Group Insurance Scheme and be doing so at retirement to be eligible to apply to continue with scheme after retirement.If a retiring member wishes to include their spouse in the continuation option, he/she must have subscribed to this option whilst serving and be doing so at the time of retirement.
Continuation in the Federation Group Insurance Scheme after retirement is not an automatic right, you will be required to complete a new Group Life Application and beneficiary nomination form which will then be considered in the usual manner for all new applicants.
How Much Do I Pay?
Federation Group Insurance Scheme Retirement Option
Currently costs £18.91per pay a period with optional spouse/partner
cover available at £5.42 per pay period
What am I covered for?
Life Cover
Member: Retired Officer to age 59 - £35,000
Retired Officer age 60-64 - £17,500
Cover will cease at age 65.
Spouse: Partner of Retired Officer to age 59 - £25,000
Partner of Retired Officer age 60 - £12,500
This cover will cease at 65 or sooner if member reaches 65 before their partner.
Travel
Worldwide cover for up to 30 days travel, UK cover requires a minimum 1 night stay to validate, health declarations may be required prior to travel, if you or any of your party are affected please check with the Federation office before you travel. Click here for a copy of the policy Wording.
Legal Expenses Cover
The 24 hour legal advice contact telephone number is: 01455 255256 quoting the reference number 70715
How Do I Join?
You are entitled to apply to join the scheme if you are/were subscribing to the Group Insurance Scheme whilst serving. Once we are notified of your impending retirement we will write to you (or you can call us) and let you know what you need to do to apply for the retirement scheme.
