Choose your pension option

This important decision will determine the amount of your lifetime monthly pension payments and the amount your spouse or beneficiaries may receive when you die.

Single life versus joint life pension options

You need to decide between a single life or a joint life pension.

Your decision will depend on whether you have a spouse and if they will need any of your pension income after your death.

If you have a spouse, you are required by law to choose a joint life pension. Your spouse can sign a waiver giving up this benefit.

You can choose a single life option if either of the following applies to you:

  • You do not have a spouse
  • Your spouse has signed a waiver giving up their beneficiary rights to your pension