A fixed-term pension is an annuity certain that is paid together with your MemberFunds (15 years). Only a few member groups in P+ have a fixed-term pension, and it is not possible to make contributions to it. 

The fixed-term pension earns interest at the same deposit interest rate as your retirement pension. 

The fixed-term pension is paid to next of kin or the beneficiary(ies) if you die. This applies both if you die before or after payment has commenced.