Survivor Benefits

Death Before Retirement:
In the event of your death prior to receiving pension benefits, the death benefit to your spouse (legal or common-law) is the choice of:


·         a monthly pension payable for life or

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

·         a lump sum cash payment.


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


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 60%, 75%, or 100% of your pension.


·         If you elected a single life pension, with a guarantee period, the benefit will continue to your beneficiary for the balance of the guarantee period that was selected. 


·         If you selected the normal pension – a single life with no guarantee period, no further benefits are payable after your death.