New Survivor Pension for children for pre-retirement death
May 17, 2022
News
1 minute read
Children of members who pass away before they retire may now qualify to receive a survivor pension, provided they meet certain eligibility requirements. The change is the result of a December 2021 amendment to the PSPP.
The change added the new benefit for deaths occurring on or after December 21, 2021. Previously, there was no pre-retirement death benefit specifically for children for a member’s post-1986 pension credit.
The new survivor pension is payable in scenarios where there is no benefit payable to an eligible spouse, or the eligible spouse elects a survivor pension and passes away while the children remain eligible.
Learn more about this new benefit or call our Client Care or email us at clientservice@opb.ca.