Your pension

When you started to receive your pension from the Plan, you were asked to name a beneficiary for any benefits payable on death to a beneficiary. You can change this beneficiary at any time.

If you had a spouse when you started your pension, your pension must provide that at least 60% of it continues to your spouse after your death, unless that was legally waived by your spouse. Other options providing a higher percentage to your surviving spouse were also available.

Under the Pension Benefits Act, a “spouse” means either of two people who:

  1. are married to each other;

  2. are married to each other by a marriage that is voidable and has not been voided by a declaration of nullity; or

  3. have gone through a form of marriage with each other in good faith that is void and have cohabited within the preceding year.

 

Under the Plan, ”spouse” includes common-law partners. A “common-law partner” means a person who has lived with the member in a conjugal relationship for at least two continuous years immediately prior to the time in question.

 

If you elected a form of pension which provides a pension to your surviving spouse after your death, only your spouse at the time of your retirement can receive this benefit.  In other words, anyone who became your spouse after you retired is not eligible for a survivor pension.  

When you started to receive your pension from the Plan, you were asked to name a beneficiary for any benefits payable on death to a beneficiary. You can change this beneficiary at any time.

If you had a spouse when you started your pension, your pension must provide that at least 60% of it continues to your spouse after your death, unless that was legally waived by your spouse. Other options providing a higher percentage to your surviving spouse were also available.

Under the Pension Benefits Act, a “spouse” means either of two people who:

  1. are married to each other;

  2. are married to each other by a marriage that is voidable and has not been voided by a declaration of nullity; or

  3. have gone through a form of marriage with each other in good faith that is void and have cohabited within the preceding year.

 

Under the Plan, ”spouse” includes common-law partners. A “common-law partner” means a person who has lived with the member in a conjugal relationship for at least two continuous years immediately prior to the time in question.

 

If you elected a form of pension which provides a pension to your surviving spouse after your death, only your spouse at the time of your retirement can receive this benefit.  In other words, anyone who became your spouse after you retired is not eligible for a survivor pension.  

Notify us of any changes to your address and/or banking information to avoid delays with your pension payments and T4A tax forms.

For address changes, you must contact both:

For banking information changes, call CIBC Mellon at 1-800-565-0479.