If you pass away before receiving 15 years (180 months) of pension payments
- Your eligible child 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 eligible child.
- If, after the end of the 15-year guarantee period, a child is considered an eligible child, they will receive 66 2/3% of your earned monthly pension (adjusted for the bridge benefit, if applicable) until they are no longer considered eligible. The death benefit will be divided equally if there is more than one eligible child.
Note: If all your eligible children 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 eligible child will receive 66 2/3% of your earned monthly pension (adjusted for the bridge benefit, if applicable) until they are no longer considered eligible. The death benefit will be divided equally if there is more than one eligible child.
If you pass away before receiving 15 years (180 months) of pension payments
- Your eligible children will receive 100% of your earned monthly pension (adjusted for the bridge benefit, if applicable) or 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 eligible child.
- If, after the end of the 15-year guarantee period, a child is considered an eligible child, they will receive 60% of your earned monthly pension (adjusted for the bridge benefit, if applicable) until they are no longer considered eligible. The death benefit will be divided equally if there is more than one eligible child.
Note: If all your eligible children 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 eligible children will receive 60% of your earned monthly pension (adjusted for the bridge benefit, if applicable) until they are no longer considered eligible. The death benefit will be divided equally if there is more than one eligible child.