GENERAL INFORMATION
WELFARE PLAN
PENSION PLAN
  RETIREMENT DATES
  CREDITED SERVICE
  AMOUNT OF PENSION
  PENSION BENEFITS AT OR AFTER DEATH OF A RETIRED MEMBER
  ADDITIONAL SUPPLEMENTARY BENEFIT
  APPLICATION FOR, AND PAYMENT OF, PENSION
  BREAK IN SERVICE
  NO BREAK IN SERVICE ARRANGEMENT
  DEATH BENEFITS BEFORE RETIREMENT
  TERMINATION BENEFITS
  EMPLOYMENT OF
A PENSIONER
 

DESIGNATION OF
A BENEFICIARY

  GENERAL PROVISIONS
  PENSION PLAN EXCLUDED FROM GROW-IN BENEFITS
  TERMINATION OF PENSION COVERAGE
  GOVERNANCE OF PENSION PLAN AND PENSION FUND
MEMBER BENEFIT BOOKLET
 

 

WELFARE AND PENSION PLANS

Pension Plan

DEATH BENEFITS BEFORE RETIREMENT

Previously if a Member dies before age 55, the commuted value of the pension earned for service on/after January 1, 2001 was adjusted to include 50% of the Consumer Price Index from the Member’s age 55 to the date of death.  Effective July 1, 2016, this provision no longer applies.

If you die prior to retiring, the death benefit will usually be payable to your Spouse.  However an Ontario Court of Appeal decision released in October, 2012 ("Ontario Court Decision") could change the Spouse's entitlement to the pre-retirement death benefit if you are living with a common-law spouse but are still legally married to another person but not living with that person.  If the Ontario Court Decision applies in your situation the pre-retirement death benefit will be paid to the person you have appointed as your beneficiary on your Member Information Card, or if you have not appointed a beneficiary, the pre-retirement death benefit will be paid to your estate.

If you die prior to retiring, provided the Ontario Court Decision is not applicable in your situation, your Spouse will receive either a lump sum amount equal to the commuted value of your pension accrued to the date of your death, or an immediate or deferred pension equal in value to this lump sum.  If you do not have a qualifying Spouse at the time of death, your designated beneficiary or estate will receive this lump sum amount. If you die before age 55, the commuted value of your pension earned for service after December 31, 2000 will be adjusted to include 50% of the change in the Consumer Price Index, to a maximum of 2% per year, from your date of death to age 55.

In addition, if you die while actively employed in the Industry and after having completed five years of Credited Service, or while in receipt of a Disability Pension but before your Normal Retirement date under the Plan, each of your dependent children under 18 years of age will receive $100 per month commencing on the first day of the month following your death.  This benefit will be paid to the child's legal guardian and will cease with his/her 18th birthday.




 

   

READ CAREFULLY, BUT REMEMBER…

This is a general outline of the Plans and its purpose is to explain as briefly and clearly as possible each of the benefits to which you are entitled. The benefits outlined under the Plans are subject to the terms and conditions of the Plan documents and Group Master Policies. If there is any conflict between this outline and the Plan documents and Group Master Policies, the Plan documents and Group Master Policies will apply in all cases. Also remember that no benefits are guaranteed and that the benefits can be changed by the Trustees at any time.

 
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