A few quick facts about survivor benefits under the Canada Pension Plan

A few facts about CPP survivor benefits

OTTAWA — The Canada Pension Plan pays out survivor benefits to a surviving spouse, common-law partner, estate, or dependent children. Here are a few things to know about the benefit:

1. There is an age limit on when it is paid out. No one under age 35 can receive the benefit unless they have children or are disabled. Payments only start when the surviving spouse turns 65, or becomes disabled. Children of the deceased under 25 are also eligible for a monthly benefit. 

2. The value of the benefit changes based on the age of the surviving spouse:

— Those aged 65 and over receive 60 per cent of the value of the deceased person’s retirement pension;

— Those aged 45 to 64 receive a flat rate plus 37.5 per cent of the value of the deceased person’s retirement pension. The same calculation applies to anyone under age 45 who is disabled or raising a dependent child;

— Those aged 35 to 45 who are not disabled and don’t have children receive the flat rate plus 37.5 per cent of the retirement pension, minus 1/120 for each month the spouse or common-law partner was under age 45 at the time of their death.

3. People receiving survivor and retirement benefits get them blended into one payment that’s usually lower than their combined value. That cap has been lifted on the new, enhanced portion of CPP that won’t take full effect for four decades.

4. The value of the retirement benefit changes depending on when you take it: The benefit amount is adjusted downward for each month you took the benefit before age 65. There is an opposite effect if you wait take the benefit after age 65.

5. A maximum $2,500 death benefit can be made to an estate, surviving spouse or next-of-kin.

The Canadian Press

Canadian Press

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Nine new COVID-19 cases announced in Interior Health region

The total number of cases since the pandemic started is now at 531 for the region

Council approves new Kelowna General Hospital parking lot

The lot is intended for use by KGH staff to address growing parking need in the area

Motorcycle rider identified following fatal crash in Peachland

Michael Odenbach died in a motorcycle collision on Sept. 27

Work continues to develop emergency shelter plan for Kelowna

City hoping to build ‘over-arching, community-driven vision for the future of emergency shelters in our community’

Known Kelowna Hells Angels associate to face trial in October

Colin Michael Bayley is set to stand trial next month for an alleged aggravated assault

Weekend sees 267 cases, 3 deaths in B.C.; Dr. Henry says events leading to COVID spread

There are currently 1,302 active cases in B.C., while 3,372 people are under public health monitoring

Lightning strike: Tampa Bay blanks Dallas 2-0 to win Stanley Cup

Hedman wins Conn Smythe Trophy as playoff MVP

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Liberals seek to fast track new COVID-19 aid bill after CERB expires

Government secured NDP support for legislation by hiking amount of benefits by $100 to $500 per week

B.C. VOTES 2020: Echoes of HST in B.C. debate over sales tax

Cannabis, tobacco, luxury cars still taxed in B.C. Liberal plan

Shuswap BC SPCA launches spay/neuter program for low-income residents

Program available to low-income residents in the region

More victims possible in Okanagan assault case

Vernon police have a man in custody but feel there could be more victims in the case

Most Read