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Survivor Information Kit

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  Pension | Pay and Incentives | Benefits
         Pension Centre                                                         Tel: 1 877 480-9220
         PO BOX 2073                                                            Fax: 1 905 272-6300
         MISSISSAUGA ON L5B 3C6



                                                   Pension I nformation Bulletin
                                                     Survivor Information Kit




                 This document will be useful to plan members and beneficiaries interested in knowing
                 more about Survivor Benefits.

                 You will find the following information:

                +    Who should I contact?
                +    What documents must I provide?
                +    What is a Survivor Benefit?
                +    Do I qualify as a survivor?
                +    What post or pre-retirement benefits are available?
                +    General Information regarding pension payments
                +    Survivor’s General Guide




The official name of the plan is Canada Post Corporation Registered Pension Plan. The official plan text governs your actual benefits from
the plan and is the final authority in any case of dispute. You, your spouse or common-law partner or beneficiary, or an authorized person
acting for you may see and copy the full plan text, annual financial information, and other relevant documents by contacting the Pension
Centre.

If you have any questions relating to the Survivor Benefit, please call the Pension Centre. Please make sure you have your
employee identification number (ID) and personal identification number (PIN) handy when accessing the pension calculator
website or the voice response unit (VRU).


                                                                                                                  www.cpcpension.com
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       Definitions




       Beneficiary

       If you have survivors/dependent children that meet the Plan’s eligibility conditions, they must receive any
       survivor pension benefits from the Plan.
       If you do not have a survivor pre or post-retirement/dependent children, you may designate a person or
       persons as your beneficiary, including indivi duals or legally constituted organizations. If a beneficiary is not
       designated, pension benefits, if any, are paid to your estate.

       Dependent child(ren)

       Your child(ren), stepchild(ren), children adopted either legally, or in fact, who at the time of your death, or
       retirement, whichever is earlier, are financially dependent on you and are:
       • less than age 18, or
       • 18 or more years of age but less than 25 years of age and in full-time attendance at a school or
            university, having been in attendance full-time substantially without interruption since age 18 or your
            death, whichever occurred later.

       Eligibility Service

       Eligibility service builds up, to a maximum of 35 years, and includes:
       • time you work for Canada Post and accrue pension benefits under the Plan
       • service you have bought back under the Plan
       • service you transfer under a Pension Transfer Agreement

       Pensioner

       Any person who is in receipt of a monthly benefit from the Canada Post Corporation Registered Pension
       Plan. A pensioner could be a retiree, a survivor pre-retirement, a survivor post-retirement or a dependent
       child.

       Spouse

       In relation to a member, means a person who is married to a member or a person who is party to a void
       marriage with the member.

       Survivor Post-Retirement

       In relation to a Retired Member means the Spouse or Common-Law Partner at the time the Member started
       receiving a pension benefit.

       Survivor Pre-Retirement

       In relation to an active, inactive, or deferred member means
        (a) if there is no person described in paragraph (b), your Spouse at the time of your death; or
        (b) a person who was your Common-Law Partner at the time of your death




Survivor Guide – October 2007
                                                                                               3

Who should I contact at Canada Post?




My spouse/parent was a pensioner:

                      If the pensioner was             Please contact:
                             originally:
                    A member of CUPW                  1-877-480-9220
                    A member of PSAC/UPCE             1-877-480-9220
                    A member of APOC                  1-877-480-9220
                    A member of CPAA                  1-877-480-9220
                    Non-executive Mgt Exempt          1-877-480-9220
                    Executive Mgt Exempt              1-866-275-9810

         You will be asked to provide the Employee Identification Number of the
         deceased. You will also be asked to supply the information requested on the
         form that is attached to this package. If you have any questions, please
         contact the Pension Centre. A Representative will be able to answer any
         questions that you may have, and will provide you with step by step
         explanations to guide you through the process.

My spouse/parent was an employee, or former employee who was not yet
receiving a Canada Post retirement benefit:

         Contact your local Human Performance Management office by calling
         1-800-394-4000. You will be asked to provide the Employee Identification
         Number of the deceased. Your local office will be able to answer any questions
         that you may have, and will guide you through the process.

I am a Trustee or a third party

         Quite often, the executor and the beneficiary are the same person, however, if
         you are contacting the pension plan as a Trustee or third party, you may wish to
         note that the Privacy Act will impact the information that you will receive.

         Under the Privacy Act, you are only entitled to receive the information that is
         specifically required to settle an estate. Unless the estate is the beneficiary, we
         cannot release information regarding the identity of the beneficiary, or the value
         of the benefit that is payable.

         If you are acting at the request of the designated beneficiary, please contact the
         Pension Centre by calling 1-877-480-9220. You will be given any general
         information that you require, and you will be advised regarding the
         documentation that must be provided in order to proceed.



Survivor Guide– October 2007
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What documents must I provide?

           Please ensure that you have an original death certificate. You will also be
           asked to provide the applicable information that is requested on the form
           enclosed with this package.




What is a Survivor Benefit?


           Survivor benefits are an important component of our pension plan. The
           pension plan is a financial partnership that is designed to help our members
           ensure that their families enjoy long-term financial security. In keeping with
           this philosophy, the pension plan makes specific provisions for people who
           may depend on the income that is derived from the pension benefit. A
           survivor post-retirement/dependent child(ren) will receive a monthly annuity
           from the pension plan. A survivor pre-retirement will have the choice of
           receiving either a monthly annuity or a single lump-sum payment in
           settlement of the member’s pension entitlements.



Do I qualify as a Survivor?

           You are a qualified survivor if you meet the definition of:

           •    Survivor Post-Retirement (in relation to a retired member)
           •    Survivor Pre-Retirement (for an active, inactive, or deferred member)
           •    Dependent Child(ren)




Survivor Guide – October 2007
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What post-retirement benefits are available?


                                     The Survivor Post-Retirement receives a monthly
                                     annuity equivalent to 50% of the member’s
                                     unreduced pension (lifetime pension and bridge
   •    If there is a Survivor Post- benefit combined). The Dependent Children
        Retirement and               receive 10% of the unreduced pension (lifetime
        Dependent Children           pension and bridge benefit combined), to a
                                     maximum of 40%, shared equally among all
                                     Dependent Children. If the spousal relationship
                                     began after the employee became a Pensioner,
                                     contact the Pension Centre.
   •    If there are Dependent            Each Dependent Child receives 20% of the
        Children, but no Survivor         unreduced pension (lifetime pension and bridge
        Post-Retirement                   benefit combined), to a maximum of 80%, shared
                                          equally among all Dependent Children.
                                          The Beneficiary or estate receives a lump sum that
   •    If there is a no Survivor
                                          is the greater of: the employee’s contributions to
        Post-Retirement or
                                          the Plan, with interest (to date employment ended),
        Dependent Children
                                          OR five (5) years of pension payments, minus any
                                          pension amounts already paid

                                Note: Dependent Children born or acquired
                                after retirement are not eligible to receive
                                survivor benefits.


 Please note that in all cases, the plan will establish a minimum death benefit
 in relation to the member’s pension. When survivor payments cease (e.g. the
 spouse dies or the children no longer qualify as dependents) the plan will verify
 that the total payments made to survivors had sufficient value to satisfy the
 established minimum. In the event that the total survivor payments did not meet
 the minimum death benefit, a single lump sum payment will be issued in order to
 satisfy the difference.

 Survivor payments may not generally be:
           • made directly to minors
           • held in trust for minors
 Payments to any beneficiary under the age of 18 will be made to the person
 having care and custody of the beneficiary.




Survivor Guide – October 2007
                                                                                           6


What pre-retirement benefits are available?


If the employee had less
       than 2 years of
                           You will receive his/her contributions, plus interest.
    eligibility service or
     plan membership

 If the employee had 2 or
        more years of
     eligibility service or
      plan membership
                                  The Survivor Pre-Retirement will receive
                                     • A monthly annuity that is the equivalent of 50%
                                         of the member’s unreduced pension (lifetime
                                         pension and bridge benefit combined), or
                                     • A lump-sum cash settlement of the commuted
   •    If there is a Survivor
        Pre-Retirement and               value of the pension benefit, if elected within
        Dependent Children               ninety days of the employee’s death.
                                  Each Dependent Child receives 10% of the member’s
                                  unreduced pension (lifetime pension and bridge
                                  benefit combined) to a maximum of 40%, shared
                                  equally among all Dependent Children. There is no
                                  cash settlement option associated with this portion of
                                  the survivor benefit.
   •    If there are
                            Each Dependent Child receives 20% of the member’s
        Dependent Children,
                            unreduced pension (lifetime pension and bridge
        but no Survivor
                            benefit combined), to a maximum of 80%, shared
        Pre-Retirement
                            equally among all Dependent Children

                                  The Beneficiary or estate receives a lump sum that is
                                  the greater of:
   •    If there is no Survivor
                                     •   the employee’s contributions to the Plan, with
        Pre-Retirement or
                                         interest up to the date of death
        Dependent Children
                                         OR
                                     •   five (5) times the employee’s annual pension
                                         (lifetime pension and bridge benefit combined)
                                         calculated at date of death




 Survivor Guide – October 2007
                                                                                        7



Pre-retirement benefits (cont……)

    Please note that in all cases, the plan will establish a minimum death benefit in
    relation to the member’s pension. When survivor payments cease (e.g. the
    spouse dies or the children no longer qualify as dependents) the plan will verify
    that the total payments made to survivor(s) had sufficient value to satisfy the
    established minimum. In the event that the total survivor payments did not
    meet the minimum death benefit, a single lump sum payment will be issued in
    order to satisfy the difference.

    Survivor payments may not generally be:
       • made directly to minors
       • held in trust for minors
    Payments to any beneficiary under the age of 18 will be made to the person
    having care and custody of the beneficiary.



 General information regarding pension payments



             When will my pension be paid?

                      Monthly pension payments are made through our trustee,
                      RBC Dexia. The 2007 payment schedule is as follows:

                                   Payment Due Date
                                       Dec. 29, 2006
                                       Jan. 31, 2007
                                       Feb. 28, 2007
                                       Mar. 30, 2007
                                       Apr. 30, 2007
                                       May 31, 2007
                                       Jun. 29, 2007
                                       Jul. 31, 2007
                                       Aug. 31, 2007
                                      Sept. 28, 2007
                                       Oct. 31, 2007
                                       Nov. 30, 2007
                                       Dec. 31, 2007



 Survivor Guide– October 2007
                                                                                             8

General information regarding pension payments (cont…..)



Will I get a monthly deposit confirmation?
          You will receive an Electronic Funds Transfer (EFT), which is a deposit
          confirmation, once the first monthly payment has been made to your account.
          Thereafter, you will receive an EFT notification annually with your December
          payment which reflects the year-to-date values of the benefits paid, and various
          deductions withheld during the year. In addition, an EFT notification will be
          issued in any month in which there has been a change to your net entitlement.
How much does my pension increase from year to year?

          Every January 1, your pension increases by a percentage that reflects the
          average monthly increase in the Consumer Price Index for the previous 12-
          month period, calculated from October to September. This increase is known as
          indexing.
          During the first year of any benefit payment, the indexation may be pro-rated to
          reflect the actual number of months that the benefit was being paid.
What if my address or banking information changes?

          If your information changes after you have completed the original forms, you
          should contact the Pension Centre by calling 1-877-480-9220.
What should I do if I do not receive a T4A?

          Please contact RBC-Dexia, the Canada Post Pension Plan trustee by calling 1-
          800-876-4498. You will need the Social Insurance Number of the person who
          should have received the T4A.
I need to change the amount of Federal Tax that is withheld.
       You will need to complete a form for Canada Revenue Agency (CRA). For
       further information please contact them by phone at 1-800-959-8281, or refer to
       the CRA website: (http://www.cra-arc.gc.ca)

          Once completed, the form must be sent to:
              RBC Dexia
              Benefit Payment Services
               5th Floor, 1 Place Ville Marie E Wing
               MONTRÉAL QC H3B 1Z3
              1-800-876-4498

          Additional information can be found by reading our Pension Information Bulletin
          – Benefits Payable upon the Death of a Member




Survivor Guide – October 2007
                                                                                              9




                       SURVIVOR’S GENERAL GUIDE
          When a member dies the survivor is left with the onerous task of closing the
          member’s affairs. To assist a survivor/executor/executrix we have developed
          a list of the some of the principle activities which may require action. The list
          is a guide only, and must not be viewed as comprehensive.


   General Guidelines

                        ¨ Final personal income tax filing
                        ¨ If you are not the executor or executrix for the member’s estate,
                          contact the person who is.
                        ¨ Consider whether to engage a lawyer
                        ¨ Inform all current or former employers where the deceased was
                          a member of a pension or benefit plan.


  Federal & Provincial Governments

          The Federal Government has a central website at Service Canada:
          (http://www.servicecanada.gc.ca)

          This website will provide you with details regarding concerns such as:
                    ¨ Final personal income tax filing
                    ¨ Social Insurance Numbers
                    ¨ Passports
                    ¨ Canada Pension Plan benefits
                    ¨ Old Age Security benefits
                    ¨ Veterans Affairs programs & benefits
                    ¨ Canada Savings Bonds
                    ¨ Firearms
                    ¨ Aboriginal status and programs
          and more.

          This same site provides access to information on provincial government programs
          and mandates related to:
                     ¨ Health cards
                     ¨ Car and drivers licenses
                     ¨ Death certificates
          To reach Service Canada by phone, from within Canada or the United States, call
          toll-free Monday to Friday. For callers in Canada, service is available from 8:00 a.m.
          to 8:00 p.m., your local time. From the United States, service is available from
          8:00 a.m. to 8:00 p.m. Eastern time at 1-800-O-Canada (1-800-622-6232). For TTY
          service call 1-800-926-9105.


Survivor Guide – October 2007
                                                                                               10




                SURVIVOR’S GENERAL GUIDE (cont…)

       MISCELLANEOUS

               As a Survivor of a member, you may have to give appropriate consideration to:

                         ¨ Informing insurance companies; home, car, and personal life(Insurance
                           held on top of the Canada Post coverage). When contacting these
                           companies it is advisable to have the insurance policies available.
                         ¨ Informing financial institutions; banks, credit unions, Caisses
                           Populaires and credit card companies.
                         ¨ Investment dealers or brokers; RRSP’s, RSP’s, RIF’s, investment
                           accounts, etc.
                         ¨ Re-directing or holding of mail by your local Post Office.
                         ¨ Informing public utility companies to make relevant name changes.
                         ¨ Informing relevant organizations where the deceased:
                             • Was a volunteer
                             • Was a professional member
                             • Was a social member
                         ¨ Contacting caregivers or other health service organizations
                         ¨ Cancelling memberships to magazines and other publications




Su rvivor Guide – October 2007
                                                                                                                11

                                          INFORMATION FORM
       MEMBER INFORMATION
       NAME:

       EMPLOYEE NUMBER:                                    SIN:

       MARITAL STATUS AT TIME OF DEATH:                    DATE OF DEATH:
       SPOUSE INFORMATION:
       HAS SPOUSE:                  YES     NO
       SPOUSE NAME:
                                                           DATE OF BIRTH:

       ADDRESS = (TO TPS DB)        YES     NO

       PHONE #:                                            SIN:

       ELIGIBLE CHILDREN:
       ELIGIBLE CHILDREN:           YES     NO

       CHILD NAME (1):                                     DATE OF BIRTH:

       AGE > 18:                    YES     NO             FULL TIME STUDENT:               YES          NO

       SIN:                                      SCHOOL:

       CHILD NAME(2):                                      DATE OF BIRTH:

       AGE > 18:                    YES     NO             FULL TIME STUDENT:               YES          NO

       SIN:                                      SCHOOL:

       CHILD NAME (3):                                     DATE OF BIRTH:

       AGE > 18:                    YES     NO             FULL TIME STUDENT:               YES          NO

       SIN:                                      SCHOOL:

       CHILD NAME (4):                                     DATE OF BIRTH:

       AGE > 18:                    YES     NO             FULL TIME STUDENT:               YES          NO

       SIN:                                      SCHOOL:

       CALLER'S INFORMATION:
       CALLER'S NAME:                                      RELATION TO MEMBER:

       PHONE #:
       EXECUTOR'S INFORMATION                                (We need to have a copy of Proof of Appointment as Executor
                                                                    of the Estate before we can provide any information.)

       EXECUTOR'S NAME:                                    PHONE #:

       A DDRESS:

       BENEFICIARY INFORMATION:
       BENFICIARY NAME:                                    PHONE #:

       ADDRESS:




Survivor Guide – October 2007

				
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