Beneficiaries

Your LAPP pension is a great investment in your own future. It also lets you plan for people who are important to you. If you pass away, your beneficiaries may be entitled to different death benefits that depend on the pension option you have chosen.

That is why it is very important you keep your beneficiary information up to date.

More about death before retirement

More about death after retirement

Your spouse or partner is automatically first in line for any LAPP benefits if you pass away. These pre-retirement death benefit rights can be given up by your spouse or partner signing a Pre-Retirement Death Waiver. It is still important to let us know who your beneficiaries are even if you have a pension partner, in case you pass away at the same time or if your spouse or partner dies before you.

Who Can Be a Beneficiary?

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People or charities can be beneficiaries. If you name a charity, use the full name and charitable organization number instead of a person’s name.

If you are naming a minor, you will want to name a trustee to look after the funds on the minor's behalf . If you do not name a trustee, a Public Trustee will be appointed.

You can also use a will to designate who will receive any benefit from LAPP. If you do decide to name a LAPP beneficiary in your will, it is helpful to note the Plan by its proper name: Local Authorities Pension Plan. Remember, your spouse or partner is automatically first in line for any LAPP benefits if you pass away, unless your spouse or partner has signed a waiver.

If you have not provided the names of your beneficiaries to LAPP or in your will, any funds will be paid out to your estate.

You should occasionally review who you have named as a beneficiary. Changes in your family, finances and other things might mean you want to change who has been named. A great way to check on which beneficiaries you have named to LAPP (outside of a will) is on mypensionplan.ca. You can add or change beneficiaries there too.

Finally, you may want to consider getting legal and financial advice when you are making these decisions.