Pre-retirement death benefit guide

If you die before you retire, your beneficiary(ies) will be paid a death benefit.


If you die before you retire and you have pension contributions on deposit with the plan, your beneficiary(ies) will be paid a death benefit.

Your spouse is automatically your beneficiary   unless they have given up their beneficiary rights to your pension. This means that:
 
  • If you die before you retire and before your earliest retirement age of 55, your spouse can choose to receive the benefit   as either:
    • a monthly pension, payable for their lifetime
    • a lump-sum payment equal to the greater of your contributions plus interest or the commuted value of your accrued pension benefit
  • If you die before you retire and after your earliest retirement age of 55, your spouse is eligible for a monthly pension only
If you do not have a spouse   or your spouse has given up their beneficiary right to your pension, your named beneficiaries are eligible for a lump-sum payment equal to the greater of either:
 
  • Your contributions plus interest
  • The commuted value   of your accrued pension benefit

If you do not have a spouse and have not named a beneficiary through the WorkSafeBC Pension Plan or in your will, death benefits are paid to your estate.

If you have a former spouse and a written separation agreement or court order that states you agreed to divide your pension on death or retirement, we will follow the terms of the separation agreement or court order when paying any death benefits.

Benefit payable to a surviving spouse, beneficiary(ies) or the estate following a member's death

Plan member's age at date of death Benefit payable to surviving spouse Benefit payable to beneficiary(ies) or estate
Under age 55 (earliest retirement age)

Immediate pension, or Payment equal to the greater of:

  • Plan member's contributions, with interest, or
  • Commuted value of accrued pension benefit

Payment equal to the greater of:

  • Plan member's contributions, with interest, or
  • Commuted value of accrued pension benefit
Age 55 or older Immediate pension Same as above

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