WHAT YOU NEED TO DO
Step 1: Contact the Plan Administrator and/or Honeywell
If the member was still actively working for Honeywell, contact the HR Department at hrhelp@honeywell.com.
If the member had left Honeywell, their executor should contact us directly.
What the Plan Administrator will do
The Plan Administrator will check what benefits are payable. This is likely to be:
- a lump sum linked to earnings if the member was working for Honeywell and/or
- the value of the member’s Pension Account.
Step 2: Send in some paperwork
The Plan Administrator will need the following documentation (if not already provided in Step 1 above):
- a certified copy of the death certificate;
- a certified copy of a marriage certificate (if applicable);
- a certified copy of the member’s spouse’s/partner’s birth certificate (if applicable); and
- a copy of the member’s Will (if available).
We’ll process your benefits
- We’ll look at all the information sent to us, together with the member’s nomination, if on record.
- We’d then ask the Trustee for approval on how to pay any benefits. This step could take some time as the Trustee must consider all the member’s information and who should receive benefits.
Although the member may have let us know who they would like to receive their benefits and their wishes are taken into account, the Trustee makes the final decision. The Trustee may also need to get legal advice before it can make its decision.
We’ll send out letters to those receiving the benefits
These letters would include instructions on what to do next.
They will also include a Payment Instruction Form.
Step 3: Complete and return the form
Anyone being paid a lump sum needs to complete the Payment Instruction Form and return it to us.
We’ll pay benefits
Once we have everything we need, we’ll pay any lump sum benefits.
HOW LONG WILL IT TAKE?
The whole process can take several months as it can often be a lengthy process to get all the relevant information together. Once we’ve received the completed Payment Instruction Form and relevant bank details, we’d typically aim to finalise any payment within five working days.
KEY CONTACT INFORMATION
Email: honeywellretirementplan@willistowerswatson.com
Telephone: +44 (0) 800 916 8088