As communicated in our previous letter, the Teachers’ Pension Plan (the “Plan”) has been amended to allow members to designate beneficiaries to receive death benefits in certain circumstances. This is considered a positive improvement, in particular, for pension plan members without a Principal Beneficiary (meaning a spouse or cohabiting partner).
All Plan Members will receive, in the mail, a second letter from Paula McDonald, CEO of the Teachers’ Pension Plan Corporation (TPPC) providing details with respect to this change. A copy of that letter can be viewed HERE.
ALL PENSION PLAN MEMBERS SHOULD COMPLETE THE DESIGNATION OF BENEFICIARY FORM AVAILABLE HERE.