By now most of you will have received the Pension Plan Annual Report in the mail. With it came an additional document which has created some confusion.
To clarify – For all pensioners who have been retired for more than 10 years, you don't have anything to do as it is for information purposes only, now as required by PBSA. As you are aware our pension plan guarantee a minimum of ten years of benefits.
Over and above the requirement from PBSA, CN also needs to know about beneficiaries of retired pensioners with less then ten years who don't have a spouse. For those who have a spouse then it is recommended that they indicate a second beneficiary in case the spouse dies before the ten years is up.
Unfortunately ''No beneficiary on file'' as it is indicated on the form is misleading.
If you call the Pensioners’ Help Line at 1-800-361-0739 there is a recorded message to that effect.
To clarify – For all pensioners who have been retired for more than 10 years, you don't have anything to do as it is for information purposes only, now as required by PBSA. As you are aware our pension plan guarantee a minimum of ten years of benefits.
Over and above the requirement from PBSA, CN also needs to know about beneficiaries of retired pensioners with less then ten years who don't have a spouse. For those who have a spouse then it is recommended that they indicate a second beneficiary in case the spouse dies before the ten years is up.
Unfortunately ''No beneficiary on file'' as it is indicated on the form is misleading.
If you call the Pensioners’ Help Line at 1-800-361-0739 there is a recorded message to that effect.
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