KelownaLogo760

KelownaHeader1160

PENSION BENEFITS

Team Role (What we do)

Our role is to provide guidance to members with respect to their rights and benefits under  the following:

  • Public Service Pension Plan;
  • Canadian Armed Forces Pension Plan;
  • R.C.M.P Pension Plan; and
  • Federal Judges Pension Plan.

Team Responsibilities.  What we provide:

  • information and guidance to annuitants and their survivors with regard to their rights and benefits;
  • information pertaining to their pension and death benefits ;
  • the resources available to members with regard to financial matters, income tax, estate planning. living wills, etc;
  • a list of current local, provincial and federal resources for the purpose of consultation and referral;
  • timely assistance to survivors of deceased members as required: 
  • a list of referable professional resources to members, outside NAFR, when voluntary guidance and assistance may not be appropriate; and
  • topical articles on pension benefits for publication in the Newsletter and insertion in the web site.

Pension Information

Pension Information 12th January 2013 

Who receives the Supplementary Death Benefit?

As a participant in the Supplementary Death Benefit Plan, you may designate one of the following as your beneficiary:any person 18 or more years of age at the time of designation;

  • any person 18 or more years of age at the time of designation,
  • your estate or succession;
  • any charitable or benevolent organization or institution; or
  • any educational or religious organization or institution that is supported by  donations.

To designate a beneficiary, you must complete the “Naming or Substitution of a Beneficiary” form. You may, at any time, change your beneficiary by completing a new designation form and submitting it to your compensation office or the Superannuation Sector at the address on the form.

Note: Please remember that any minimum benefit payable under Part I of the PSSA will be paid to the beneficiary you have designated under the Supplementary Death Benefit Plan, if you remain an SDB participant and your beneficiary survives you.

How is the benefit paid?

Normally, the supplementary death benefit will be paid directly to the beneficiary you have named if your beneficiary survives you. If you have not named a beneficiary, it will be paid to your estate or succession.

However, there are some exceptions. For example, a male employee who was married and was a Supplementary Death Benefit Plan participant on December 19, 1975, who did not cease participation and who did not name a beneficiary before his death, will have the death benefit paid to his widow, provided that the marriage took place on or before December 19, 1975. If no widow survives, the death benefit is payable to his estate.

Under certain circumstances, all or a portion of the death benefit can be applied directly against the expenses for the maintenance, medical care or funeral of a participant. For example, part of the death benefit could be used to pay a funeral bill, or to reimburse a person or group who has already paid the funeral expenses. The expenses must be "reasonable." Please note that this provision is intended primarily to cover difficult situations, such as those where there is no estate or one with insufficient assets, or where a long delay in settling the estate is expected.

Attention Retired Canadian Forces Members

  • You can claim your Public Service Health Care Plan (PSHCP) & Pensioners' Dental Services Plan (PDSP) on your taxes.
  • CF Pensioners receive a T4 from Specialized Services Division (Cdn Forces Pension Forces Cdn); however, the T4 DOES NOT include the premium paid to PSHCP or PDSP. Both premium payments ARE CLAIMABLE, therefore:
  • to learn how much you can claim, and to obtain a copy of the letter you will need in order to make a claim, please consider calling:
  • PSHCP, for health care plan details, call 1-800-267-6542; or,
  • PDSP/Dental, for dental plan details, call 1-800-267-0350
  • The person answering will place your name in a database and send you a letter which is for use with your tax submission.
  • You can request it be back-dated if you've paid for years but have not claimed in the past.
  • This will also ensure in future years you automatically receive the letter without having to call again.
  • The call, once connected, takes about four minutes.
  • This process has been validated by the Executive Director, Dean Black, at the RCAF Association.


 

Upcoming Events

29 Jul 2019
10:00AM -
Golf Tournament
07 Sep 2019
01:30PM -
Meet the Candidates