We're streamlining beneficiary designations

In an effort to keep our members updated on relevant Plan changes, please note that effective April 1, 2020, the beneficiary categories of “refund recipient” and “payment recipient” have been consolidated into one category: designated beneficiary.

This change is part of an effort to streamline and simplify the beneficiary designation process. There will be no changes to the process related to benefits payable to an eligible spouse or eligible children.

The amount and type of the benefits payable at your death is not changing — we’re simply reducing the number of designations you need to make.

If you have designated a refund recipient or payment recipient, you will see them listed on your 2020 Annual Pension Statement in the “Your beneficiaries on file” section.

As of April 1, 2020, all refund recipient and payment recipient designations have been removed and all death benefits (other than those payable to an eligible spouse or eligible children) will be paid to your designated beneficiary(ies) or your estate, if you do not name a designated beneficiary.

To learn more about the PSPP’s death benefits, visit the 'Designating or changing beneficiaries' page on our website, and get even more detailed information in our "Planning Today for Tomorrow" booklet.

Please ensure that you log into your e-services account to update your beneficiaries. For questions or concerns, please reach out to our Client Care Centre.