Stock news for investors: First Quantum profit jumps, Intact earnings fall Aug 1st
Should you sell stocks you inherit? + MORE Sep 12th
Cut unnecessary costs with one simple change to your banking + MORE Dec 13th
Stock news for investors: Fourth-quarter earnings roll in from Canada’s big banks Dec 6th
Stock news for investors: Air Canada profit drops more than 50% in Q2 amid “challenging environment” Aug 1st
Here’s a round-up of news for Canadian investors this week.
BlackBerry
Alimentation Couche-Tard
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 2.00% interest, tax-deferred contributions and zero fees.
go to site
featured
Registered GIC rate
Earn a guaranteed 3.5% in your RRSP when you lock in for 1 year.
go to site
Best RRSP rates
See our ranking of the best RRSP accounts and rates available in Canada.
read now
Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada…
How much of a pension does a survivor receive?
– moneysense.ca
Ask MoneySenseWhen my husband dies, do I still receive his or a portion of his pension, and if so, how do I find out what it is?
–Donna
Pensions can make up a significant portion of a someone’s income in retirement. As a result, it is important to understand what happens if a spouse—or a parent—passes away.
Defined benefit pension survivor payments
Defined benefit (DB) pensions paid to retired employees often have a survivor component. Federal and provincial legislation may require a so-called joint and survivor benefit, typically 60% of the original pension.
Some plans allow different survivor percentages ranging from 0% to 100%. A spouse or common-law partner may need to sign a waiver for the pensioner to elect a lower survivor benefit.
If a plan member dies before retirement or before their pension begins, a surviving spouse is generally entitled to receive a monthly benefit or potentially a lump-sum commuted value that is based on the payout today required to produce the future pension benefit…
