Life events

Certain events can have an impact on your defined contribution pension plan. What will happen if, for example, you stop working, you are no longer living in Canada, or there is a death, separation or disability. We want you to know what happens to the amounts credited to your locked-in and not locked-in accounts when one or the other of those events occur.
If you die before or during retirement, a death benefit can be paid. You should know who can be the beneficiary, how much will be paid and whether the benefit will be paid in cash or in the form of a survivor's pension.
If you separate (divorce, legal separation or de facto separation), you can share with your former spouse the your accumulated pension benefits, but you need to know that certain conditions apply.
If you become disabled, you could be entitled to transfer the amounts credited to your account or to receive a refund, but you need to know that certain conditions apply.

Other situations