sheppinfo@shepp.ca mailto:sheppinfo@shepp.ca
1.866.394.4440

Death (after retirement)


What happens to my pension if I die after retirement?

If you die after retirement, the payment of death benefits depends on the form of pension you elected at retirement. Only your spouse on date of retirement is entitled to Joint Life survivor benefits.

 
MEMBER WITHOUT A SPOUSE (OR MEMBER WHOSE SPOUSE HAS SIGNED A WAIVER)
 
Single Life pension guaranteed for 5 years: Single Life pension guaranteed for 10 years: Single Life pension guaranteed for 15 years:
  • paid for your life;
  • guaranteed for 5 years;
  • paid for your life;
  • guaranteed for 10 years;
  • paid for your life;
  • guaranteed for 15 years;
 
MEMBER WITH A SPOUSE
 
Joint Life 60% guaranteed 0, 5, 10 or 15 years: Joint Life 75% guaranteed 0, 5, 10 or 15 years: Joint Life 100% guaranteed 0, 5, 10 or 15 years:
  • paid for your life;
  • on your death, 60% continues for your surviving spouse's lifetime;
  • if you die before the end of the guaranteed term you select, the pension continues to your surviving spouse until the end of the term; then it reduces to 60% for your surviving spouse's lifetime.
  • paid for your life;
  • on your death, 75% continues for your surviving spouse's lifetime;
  • if you die before the end of the guaranteed term you select, the pension continues to your surviving spouse until the end of the term; then it reduces to 75% for your surviving spouse's lifetime.
  • paid for your life;
  • on your death, 100% continues for your surviving spouse's lifetime;
  • If your spouse predeceases you, and you die before the end of the guaranteed term you select, your pension continues to your beneficiary until the guarantee expires.
  • If having survived you, your spouse dies before the end of the guaranteed term, the balance remaining on the guaranteed term of pension payments will be commuted and paid to your spouse's estate.

How do I determine which form of pension I elected?

When you retired, SHEPP sent you a pension finalisation letter that explained the form of pension you chose. If you no longer have this letter, you may also sign in to SHEPPweb and select the Access my Pension Details page where you will find a detailed breakdown of your pension, including explanations of what will happen to your pension when you pass away, based on the form of pension you selected.

Visit the Getting Started with SHEPPweb page for more information on SHEPPweb. Contact SHEPP by phone if you are having trouble.

SHEPP Notification of Death Guide

The Notification of Death Guide provides step-by-step instructions for family members and executors to notify SHEPP of a member's death. SHEPP will require the following documents:

  • Death Certificate or Funeral Director's Statement of Death
  • Last Will and Testament (if required)
    Pensioners
    1. Call SHEPP.
  • Call SHEPP at 1.866.394.4440 to notify of the passing.
  • 2. Provide executor's information.
  • Provide executor's name, address and phone number.
  • 3. Send documents to SHEPP.
  • Send the Death Certificate or Funeral Director's Statement of Death to SHEPP.

SHEPP will review the record and advise of any further requirements over the phone on an individual basis, as each circumstance may be different.