You have a dependant

If you pass away before receiving 15 years (180 months) of pension payments

  • Your dependant will receive 100% of your earned monthly pension (adjusted for the bridge benefit, if applicable) for the remainder of the 15-year guarantee period, which starts from the date of your retirement. The death benefit will be divided equally if there is more than one dependant.
     
  • When the 15-year guarantee period ends, your dependant will receive 66 2/3% of your earned monthly pension (adjusted for the bridge benefit, if applicable) for their lifetime or until they are no longer considered eligible. The death benefit will be divided equally if there is more than one dependant.
     

Note: If all your dependants pass away within the 15-year guarantee period, a lump sum payment equal to the present value of the remaining pension payments will be payable to the estate of the last individual in receipt of payments, calculated at the time of their death.

 

If you pass away after receiving 15 years (180 months) of pension payments

  • Your dependant will receive 66 2/3% of your earned monthly pension (adjusted for the bridge benefit, if applicable) for their lifetime or until they are no longer considered eligible. The death benefit will be divided equally if there is more than one dependant.

If you pass away before receiving 15 years (180 months) of pension payments

  • Your dependant will receive 100% of your earned monthly pension (adjusted for the bridge benefit, if applicable) for the remainder of the 15-year guarantee period, which starts from the date of your retirement. The death benefit will be divided equally if there is more than one dependant.
     
  • When the 15-year guarantee period ends, your dependant(s) will receive 60% of your earned monthly pension (adjusted for the bridge benefit, if applicable) for their lifetime or until they are no longer considered eligible. The death benefit will be divided equally if there is more than one dependant.
     

Note: If all your dependants pass away within the 15-year guarantee period, a lump sum payment equal to the present value of the remaining pension payments will be payable to the estate of the last individual in receipt of payments, calculated at the time of their death.

 

If you pass away after receiving 15 years (180 months) of pension payments

  • Your dependant will receive 60% of your earned monthly pension (adjusted for the bridge benefit, if applicable) for their lifetime or until they are no longer considered eligible. The death benefit will be divided equally if there is more than one dependant.