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)
 
 
NORMAL FORM
 
 
OPTIONAL FORMS
 
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;
  • if you die before the end of the guaranteed term, your pension continues to your beneficiary until the guarantee expires.
  • paid for your life;
  • guaranteed for 10 years;
  • if you die before the end of the guaranteed term, your pension continues to your beneficiary until the guarantee expires.
  • paid for your life;
  • guaranteed for 15 years;
  • if you die before the end of the guaranteed term, your pension continues to your beneficiary until the guarantee expires.
 
MEMBER WITH A SPOUSE
 
 
OPTIONAL FORMS
 
Joint Life 60%: Joint Life 60% guaranteed 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.
  • 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.