Amount of Joint and Survivor Pension. The amount of the joint and survivor pension payable to the eligible spouse must be equal to at least 60% of the amount that was payable to the contractholder prior to his death, taking into account any adjustments permitted under applicable pension legislation and including, where applicable, during the replacement period, the amount of any temporary pension. In Newfoundland and Labrador, Nova Scotia, New Brunswick, Ontario, Manitoba, Alberta, and British Columbia, the annuity to be provided to the contractholder with an eligible spouse at the date the pension commences is to be such joint life annuity under which the amount of annuity payable after the death of the eligible spouse is not less than 60% of the amount of annuity paid during their joint lives. Where permitted under applicable pension legislation, the eligible spouse may receive a joint and survivor pension of less than 60%; however this is only permitted if the required waiver is signed and delivered to SSQ in accordance with applicable pension legislation. In Manitoba, the contractholder and the eligible spouse may receive a joint and survivor pension of less than 60% of the amount of annuity payable prior to the first death; however this is only permitted if the required waiver is signed by both the contractholder’s eligible spouse and the contractholder and delivered to SSQ in accordance with applicable pension legislation.
Amount of Joint and Survivor Pension. (not applicable in Alberta) The amount of the joint and survivor pension payable to the eligible spouse must be equal to at least 60% of the amount that was payable to the contractholder prior to his death, taking into account any adjustments permitted under applicable pension legislation and including, where applicable, during the replacement period, the amount of any temporary pension. In Newfoundland and Labrador, in Nova Scotia, in New Brunswick, in Ontario, in Manitoba, and in British Columbia, the annuity to be provided to the contractholder with an eligible spouse at the date the pension commences is to be such joint life annuity under which the amount of annuity payable after the death of the eligible spouse is not less than 60% of the amount of annuity paid during their joint lives. Where permitted under applicable pension legislation, the eligible spouse may receive a joint and survivor pension of less than 60%; however this is only permitted if the required waiver is signed and delivered to SSQ in accordance with applicable pension legislation. In Manitoba, the contractholder and the eligible spouse may receive a joint and survivor pension of less than 60% of the amount of annuity payable prior to the first death; however this is only permitted if the required waiver is signed by both the contractholder’s eligible spouse and the contractholder and delivered to SSQ in accordance with applicable pension legislation.
Amount of Joint and Survivor Pension. The amount of the joint and survivor pension payable to the eligible spouse must be equal to at least 60% of the amount that was payable to the contractholder prior to his death, taking into account any adjustments permitted under applicable pension legislation and including, where applicable, during the replacement period, the amount of any temporary pension. In Newfoundland and Labrador, the annuity to be provided to the contractholder with an eligible spouse at the date the pension commences is to be such joint life annuity under which the amount of annuity payable after the death of the eligible spouse is not less than 60% of the amount of annuity paid during their joint lives. Where permitted under applicable pension legislation, the eligible spouse may receive a joint and survivor pension of less than 60%; however this is only permitted if the required waiver is signed and delivered to SSQ in accordance with applicable pension legislation.
