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Documents needed
The most important information we need is banking information
for the survivor (i.e. account number for direct deposit of the
payments). Many spouses have joint banking accounts, but these
can be frozen as part of an estate settlement, so it may be advisable
for the survivor to set up his/her own account. The financial institution
can help with this when the survivor is ready to deal with it,
but until this is done, OPTrust can send the pension cheques to
the survivor by regular mail.
Payments to survivors, beneficiaries or the estate
Usually survivor benefits are automatically payable to your
eligible spouse once the information is provided, avoiding any
gaps in pension payment. But, you may not have a surviving
eligible spouse. If you die after you have started receiving a
pension and you do not have an eligible spouse or eligible
children, no further benefits will be paid from the OPSEU Pension
Plan. What may be payable is a residual balance payment.
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