If there are more than four eligible children, the maximum combined amount is divided equally among the children. Should your spouse die before you, any named beneficiary(ies) or your estate will receive your pension benefits (net income tax). If the benefit amount is less than $1,000, it will be paid to a person or persons designated by the President of the Treasury Board. If you have both a married and a common-law partner, contact the CSS Pension Plan Consultants to find out who your provincial pension legislation recognizes as your spouse and who has first claim to your pension funds on your pre-retirement death. Your decision to cancel participation in the Supplementary Death Benefit Plan is irrevocable. However, most jurisdictions allow your spouse to waive this entitlement. If you have at least two years of pensionable service, your eligible survivor will be entitled to a survivor benefit and your eligible children to a child allowance. Regardless of who you name as beneficiary, your spouse generally has the first entitlement. However, if you were separated from your legal spouse and your former spouse had applied for a division of pension benefits, your legal spouse would only be entitled to a survivor benefit in respect of the portion not covered by the division. It is fully indexed on an annual basis for the rest of your survivor’s life. For this reason, it is not necessary to name your spouse as your beneficiary even though it is recommended to name your spouse so that the CSS Pension Plan has your spouse's information. The cost is the same as if you had stayed in the public service. If you are separated and would not want your spouse to have first claim to your pension funds should you die before retirement. You may name one of the following as your beneficiary: To name a beneficiary, you must complete the Naming or Substitution of a Beneficiary form. If you wish to cancel a previous designation without naming a person or an organization (religious, educational, charitable or benevolent), you must also name your estate as your beneficiary. In order to personalise your content you must select all three options. When you elect to continue coverage, you become an elective participant. the return of your contributions with interest; less any payments already received or. Pension number or Personal Record Identifier (PRI). Find out how personalising this site will greatly enhance your browsing experience. The DWP confirmed it would backdate inherited state pension payouts to someone who had unwittingly missed out on them. The comments below have not been moderated. If that amount is not a multiple of $1,000, your benefit coverage is adjusted to the next highest multiple of $1,000. She updated her Designation of Beneficiary to include her new common-law partner and removed her estranged husband. If you are eligible for $10,000 paid-up coverage at age 65, you should consider reducing coverage to $10,000 as an alternative to full cancellation of coverage. for advice tailored to your specific situation. Read... Will my partner lose state pension inherited from his late... How to get up to £88 a week if you are elderly and... Bereaved families put under the microscope as taxman... Are you saving enough for retirement? Retired members of the public service pension plan, Request for Pension Benefits Division Information (PWGSC-TPSGC 2488), Application for Diversion from a Public Service Pension in Accordance with Part II of the ", Public service group insurance benefit plans. If you are re-employed in the public service afterward, you will cease to be an elective participant if you resume contributing to the public service pension plan, and your contributions will be adjusted accordingly.