Required Contributions on Death Before Retirement

If you die before retirement, the benefits payable or the refund of your contributions depend on your age and beneficiary status at the date of death. See the following:

Member with less than 2 years service (Non-Vested)

Your spouse, beneficiary, or estate will be entitled to a refund of your required contributions plus interest.

Before Age 55

a) Member with 2 or more years of service (Vested) with a *Spouse

Your spouse will be entitled to an actuarial equvalent (commuted value, see page 7) as if you had terminated. The payment will be in the form of a lump sum with the option of converting it to a monthly payment.

b) Member with 2 or more years of service (Vested) without a Spouse

Your beneficiary will be entitled to a refund of your required contributions.

After Age 55

a) Member with 2 or more years of service (Vested) with a *Spouse

Assumes you retired with Trustee consent and the Normal Form Life with 5 years Certain will be converted to a Joint and Survivor 100% Option payable for the spouse's lifetime.

b) Member with 2 or more years of service (Vested) without a Spouse, but designates a beneficiary

Assumes you retired with Trustee consent and the Normal Form Life with 5 years Certain will be converted to the option Life with 15 years Certain

c) Member with 2 or more years of service (Vested) without a Spouse and no designated beneficiary

Estate is entitled to a refund of required contributions.

Beneficiary

The person or persons you designate to receive any Plan Benefits on your death, either before or after retirement, except that if you die before retirement and have a spouse at the time of death but someone other than your spouse has been designated as your beneficiary, your spouse will receive any Plan death benefits payable.

Changes in your beneficiary designation must be made in the form prescribed by the Trustees and filed with the Plan Administrator.

Voluntary Contributions upon Death before Retirement

a) With a *Spouse

Your Spouse would receive a refund of your contributions plus interest. The refund would be paid out in a lump sum. Your spouse would have the option to transfer the lump sum to an RRSP or take cash.

b) Without a Spouse

Your beneficiary would receive a refund of your contributions plus interest. The refund would be paid out in a lump sum.

Election of Estate if no Spouse or Beneficiary

If you do not have a spouse or beneficiary you can elect your estate. The benefit payable would be a refund of contributions plus interest.

Election of Children age 18 and under (Minors) as Beneficiaries

If your children are minors benefit payments cannot be paid directly to them. We suggest you name a person who could receive the benefits on behalf of the children to avoid any legal issues that may arise. If you do not name a person to receive the benefits on behalf of the children, a parent or guardian will be required to apply to the Courts to receive the benefits or the appointment of a Public Trustee may be required.

Terminated Employees with a Deferred Benefit upon Death

The same death benefit rules apply as above.

Disabled Members Benefit upon Death

The same death benefit rules apply as above.

*Note: The definition of spouse can be found in Section 8 of this booklet.