Survivor Benefits

In the event of a member’s death before retirement:

 

 

Prior to Eligibility for Unreduced Early Retirement

 

In the event of your death prior to being eligible for unreduced early retirement, the death benefit to your spouse (legal or common-law) is the choice of:

 

·         a monthly pension payable for life equal to 60% of the pension you accrued to your date of death* or

·         tax-free transfer to a Registered Retirement Savings Plan (RRSP) or 

·         a lump sum cash payment.

 

*If your spouse elects to receive a monthly pension payable for life, additional benefits may be payable for dependent children.

 

If you are not married, the death benefit is payable in a lump sum to your designated beneficiary or estate.

 

 

After Eligibility for Unreduced Early Retirement


 In the event of your death after becoming eligible for unreduced early retirement, the death benefit to your spouse (legal or common-law) is:

 

·         a monthly pension payable for life equal to 60% of the pension you accrued to your date of death.

 

If you are not married, the death benefit is payable in a lump sum to your designated beneficiary or estate. 

 

Survivor Benefits

 

Death After Retirement


In the event of your death after retirement, the death benefit is based on the form of pension you elected at retirement.

 

·         If you elected a joint and survivor pension, the benefit will continue to your spouse at either 60%, 75%, or 100% of your pension.

 

·         If you elected a single life pension, the benefit will continue to your beneficiary for the balance of the 5, 10, or 15 year guarantee period.  If you pass away after the guarantee period has expired, no further benefits are payable.

 

Survivor Benefits