Canada Pension Plan are paid to a deceased contributor's estate, surviving spouse or common-law partner and dependent children. There are three types of benefits. The death benefit is a one-time payment to, or on behalf of, the estate of a deceased Canada Pension Plan contributor; The survivor's pension is a monthly pension paid to the surviving spouse or common-law partner of a deceased contributor; The children's benefit is a monthly benefit for dependent children of a deceased contributor.

Visit Social Development Canada (SDC) for information on Canada's Retirement Income System: The Canada Pension Plan.

copy; Liberty Life Insurance Company 2005. RBC Insurance is a brand name for the U.S. Insurance operations of Royal Bank of Canada, including Liberty Life Insurance Company. This product is available to US and Canadian citizens residing in the United States. This product is not available in every state or to individuals residing outside of the U.S.

Yes, if you have elected a pension adjusted for CPP pension payments, and your plan provides for this. The PBSA, however, limits the amount by which your pension can be reduced.

A Joint and Survivor Option (J&S Option) provides continued payment to your spouse in the event you die prior to your spouse, after you retire. The participant’s monthly pension will be reduced when a J&S Option is in place. Click here (PDF, 11K) for additional information.

You can apply to a Client Service Centre, Income Security Programs, Human Resources Development Canada. You will find these listed in the government pages of the telephone book. You will need a birth or baptismal certificate, passport or Canada Immigration visa (Record of Landing).

Retirement applications from the Pension Department must be filed at least two full calendar months before your desired retirement date. The month that you actually sign the form does not count as a Calendar month. The necessary two-month period is considered the two calendar months immediately following the month you sign the form. When you are ready to retire, simply call the West Coast Plan Office to make an appointment with a Retirement Counselor.

Canada and Quebec Pension Plans are a form of insurance to which people must contribute during their working years, to receive monthly payments starting at age 65. A reduced pension is available at age 60. These plans also include survivor's pensions for the spouses of deceased pensioners, disability pensions and children's and death benefits.

Your OPTrust pension is "integrated" with the Canada Pension Plan (CPP). While you are a member of the OPSEU Pension Plan your contributions are reduced for the portion of your earnings that are also covered by CPP. CPP provides retirement benefits to those who have contributed during their employment. The normal retirement age for CPP benefits is 65, however you can apply for a reduced CPP pension as early as age 60.

Widows and widowers at any age if caring for the deceased's child(ren) who are under the age of 16 or disabled In addition to the monthly benefits for family members, a one-time payment of $255.00 can be paid to a spouse who was living with the worker at the time of death. If there is none, it can be paid to:

If you are receiving Workers' compensation benefits, you should consult an attorney before you file an application for pension benefits. The Workers' compensation insurance company is entitled to receive a credit for any pension benefits to the extent that those benefits were funded by your time of injury employer. If you defer collecting your pension, you may be able to collect larger benefits later on and may be able to settle your Workers' compensation case on favorable terms.

Federal pension law does not set a specific time within which plans must start paying benefits after you retire or otherwise become eligible to receive benefits. Plan administrators must act prudently and follow the procedures in the plan documents. Your Summary Plan Description (SPD) or other plan documents should provide information on those procedures. If you have specific questions, you should contact the plan administrator.

Canadian citizens, permanent residents, visitors and holders of a Minister's Permit who have been legally admitted to Canada for one year, whose income that year was subject to Canadian income tax and who contributed to the plan. The amount paid out will depend on the total amount contributed.

Your HSA may transfer to your surviving spouse tax free, if named as a beneficiary. If you do not name a beneficiary, or if you name someone other than a spouse (children, siblings or others), the funds are taxed as regular income.

Federal law requires all pension plans, whether they are defined benefit plans or defined contribution plans, to provide benefits in a way that includes a survivor benefit for the participant's spouse. The provisions creating these protections are contained in section 205 of ERISA and sections 401(a)(11) and 417 of the Code. The type of survivor benefit that is required by Federal law depends on the type of pension plan.

Your benefits will always be locked-in, meaning that the money must only be used for the purposes of providing a stream of retirement income.

If you transfer the money to a locked-in RRSP, in order to start receiving payments it must be further transferred to a life income fund (a "LIF"), used to purchase an annuity, or transferred to another pension plan. In the case of a LIF and an annuity, the payments can start when you reach the age at which you could have started receiving payments under the pension plan the money was transferred out of (age 55 under most plans).

ANSWER: It is possible that your pension from this Plan may affect your eligibility for and amount of Unemployment Compensation benefits. Please check with the Fund Office and your local Employment Development Department Office.

If an employee has been disabled for at least 180 days, is receiving long-term disability benefits, and dies, Unum pays a benefit to the survivors to help support them with immediate costs associated with the loss of the employee's income. This benefit is equal to three times an employee's gross monthly LTD benefit and is payable first to the spouse, then to any children under age 25, and then to the estate in the absence of a spouse or children.