Union News - December 2022
While death is a subject that no one likes to talk about, it is important to advise members of a benefit that could be available to your beneficiary or estate upon your passing. The unfortunate fact is that in many circumstances survivors or the estate are not aware of this benefit and thus do not apply for it.
What is the supplementary death benefit? It is a life insurance benefit provided to most current or retired public service employees. For certainty, this benefit applies to current and former Canada Revenue Agency employees. In most cases employees are automatically entitled this benefit.
In almost all cases the paid-up amount of the benefit is $10,000 for life. In certain situations, this amount could be more depending on an individual’s age and other circumstances.
You are encouraged to visit the Government of Canada website: www.canada.ca and search for the Supplementary Death Benefit. There you will find more detailed information on the matters discussed above along with other useful information such as ensuring your beneficiary is up to date.
The MOST important factor to mentioned here is that in order to receive this benefit it must be applied for. We are recommending that members complete the form below and place a copy with your will or other papers and make sure a family member is aware of this document. This document includes the telephone number that your estate can call. Members should put their PRI where indicated.
SUPPLEMENTARY DEATH BENEFIT
As a retired Canada Revenue Employee, I am entitled to a supplementary death benefit in the amount of at least $10,000.00.
This benefit must be applied for otherwise my beneficiary or estate will not receive any payout.
It is recommended that this document be kept with your will or your notarized papers and that a family member or other individual is made aware of this benefit.
My PRI (Personal Record Identifier) #:
Contact number to call to advise of the passing of the plan holder and to ensure they were entitled to the benefit is 1-800-561-7930