Death of a Pensioner, Spouse/Pension Partner or Designated Beneficiary

Depending on the pension option selected, your pension benefit is affected when either the pensioner, spouse/pension partner or designated beneficiary passes away.

• Single Life pensions

     Guarantee period of 5, 10 or 15 years

• If a pensioner receiving an ATRF benefit passes away before the end of the guarantee period, the payment continues to the named beneficiary until the expiry of the guarantee. If the pensioner passes away after the end of the guarantee period the pension ceases.
• If the designated beneficiary passes away before the end of the guarantee period a new beneficiary should be named as soon as possible

     No guarantee period

• The benefit payment ceases with the death of the pensioner.
  
  
• Joint Life pensions have a guarantee period of five (5) years
  
  
  • If the pensioner receiving the ATRF benefit passes away the payment continues to the spouse/pension partner until the time of his (her) death.
  • If both the pensioner and the spouse/pension partner pass away before the end of the guarantee period, the benefit continues to the named beneficiary to the end of the five year guarantee period.
  • If the designated beneficiary passes away before the end of the guarantee period a new beneficiary should be named as soon as possible.
  • ATRF must be notified of the death of a spouse/pension partner. In the case of a Joint Reducible pension the benefit payment has to be recalculated.