How your beneficiaries will be paid

Learn how your beneficiary (or beneficiaries) will be paid after you die.

Beneficiary payments if you die after retiring

If you die before your spouse and selected a joint life pension, your spouse will receive a monthly pension for the rest of their life.

If you chose a single life pension option and die during the guarantee period, your beneficiary or beneficiaries can choose either a monthly pension or a lump-sum payment of the commuted value of your pension benefit for the remainder of the guarantee period.

Estates and organizations (such as societies, charities, trusts or corporations) will receive the commuted value of your pension benefit in a lump-sum payment.