If you die before accumulating at least five years of pensionable service, a refund of your contributions, plus interest, will be paid to the estate.
If you have accumulated at least five years of pensionable service, but have no survivor, your estate will receive the greater of:
- the commuted value of the pension benefit, or
- a refund of your contributions and interest.
If you die after accumulating five years of pensionable service, your spouse/partner (or designated beneficiary) will have the following options:
- a lifetime pension equal to 60% of the benefit earned to the date of your death
- a lump sum payment equal to the greater of:
- the commuted value of your pension entitlement, as at the date of your death, or
- the commuted value of the 60% survivor benefit as determined at the date of your death.
The lifetime survivor benefit is integrated with CPP as at the date upon which the deceased would have reached age 65. If there is no surviving spouse/partner, or designated beneficiary, the commuted value of your pension entitlement, calculated as of the date of death, shall be transferred to your estate.
Upon your death (after you’ve retired and become a pensioner), your spouse/partner or dependent children (in the absence of a spouse/partner) are entitled to a survivor benefit equal to 60% of the pension.
The lifetime survivor benefit is integrated with CPP at age 65 of the deceased member. In the case of a spouse/partner or designated beneficiary, the benefit is payable for life. In the case of dependent children, the benefit is payable until the youngest child reaches age 18, or age 24 if in full-time attendance at a recognized school.
The survivor benefits are paid in the first instance to your spouse/partner.
In the absence of a spouse/partner, the survivor benefits are paid to, or for the benefit of, children under the age of 18, or age 24 if in full-time attendance at school. Where there are two or more children, each child shall share equally in the survivor benefits payable. If you do not have a principal beneficiary or a child entitled to a survivor benefit you may, under certain conditions outlined in Section 27(5)(a), (b) and (c) of the Teachers’ Pension Act, designate a beneficiary – infirmed child, parent, grandparent, brother, sister or grandchild who is financially dependent on the teacher for support.
Please contact the TPPC
for more detailed information about survivor benefits.