Death

If you die before retirement, your spouse or beneficiary (if you have no spouse) may receive a death benefit from the Plan.  The amount of the benefit will be calculated based on the pension you had earned to date.

• If you have a spouse at the time of your death, your spouse may transfer the death benefits to a locked-in RRSP or use it to purchase a deferred life annuity or LIF. If you made Voluntary contributions, they are not subject to locking-in regulations.
• If you do not have a spouse at the time of your death, your beneficiary may receive a death benefit as a lump sum payment.

If you die after retirement, the death benefits payable will depend upon the form of pension you selected when you retire.

Upon your death, your spouse or other beneficiary should contact the Administrator to obtain the Statement of Claimant form to notify the Administrator of your death and select how he/she wishes to receive the death benefit that has accumulated in the Plan.

For more information, please refer to the Death Before Retirement section of the Pension Plan Booklet.