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What is a waiver of joint and survivor pension?

By completing this Waiver, the spouse is giving up the right to receive a survivor pension that would be payable under any future life annuity that may be purchased with funds transferred out of the variable benefit account by the retired member.

How does pension split work in divorce?

As with other assets, it is only the increase in value between the date of marriage and the date of separation that the spouses have to share. They do not share the part of a pension that accrued before the date of marriage or after the date of separation. Pensions are very valuable assets.

What is a pension waiver form?

Form 4 is used when the spouse of a member/former member of a pension plan agrees to waive or give up his or her right to receive survivor's benefits to permit the member/former member to designate a beneficiary other than the spouse for benefits in \u2022 a pension plan, if pension payments have not started, \u2022 a locked-in ...

Can you designate a beneficiary for CPP?

To name a beneficiary, you must complete the Naming or Substitution of a Beneficiary form. You may, at any time, change your designated beneficiary by completing a new form and submitting it to the Pension Centre at the address on the form.

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