Skip to Main Content
Search

Update Your Spousal and Beneficiary Information Today

Relationships begin and end. Children grow up. Careers start and stop. As you go about the ups and downs of life, it is important to make sure things like spousal and beneficiary information, Wills, and Powers of Attorney, are up to date.

As a rule of thumb, try to review this information annually, around your birthday or when you receive your annual pension statement in June, for example. By doing this, you ensure your information is current which is an important part of your family’s future well-being.

Your spousal and beneficiary information are a vital part of survivor benefits. Survivor benefits can help protect your loved ones financially when you pass away. The type and amount of survivor benefits provided under the Plan on whether you have an eligible spouse and/or eligible children and whether you have started receiving a pension when you pass away. You should name a beneficiary, a person, organization, or your estate, to receive survivor benefits, if any.

It is easy to update your spousal and beneficiary information for your pension through these easy steps:

  1. Register or log in to My Pension Resource
  2. Select “Profile” and then click on “Beneficiaries”
  3. Confirm that the beneficiaries listed are correct
  4. If you need to make updates, complete the Spousal Declaration and Beneficiary Designation , and mail it to the WISE Trust Pension Contact Centre.

Life changes quickly. That’s why it’s so important to keep this personal information up to date, especially if your family or relationship status looks different now than it did a few years ago. Five minutes today can save your family time and worry in the future.

Facebook
Twitter
LinkedIn

More articles:

November is Financial Literacy Month

At WISE Trust, we know that financial literacy is a vital component of everyday life because managing your daily finances and making secure investments in your future are both closely related.

Read More →

Be Earth WISE

There are more benefits than just a healthy planet when you switch to paperless communications.

Read More →

July 1, 2021 Contribution Increase

On July 1, 2021, pension contribution rates will increase by 0.6 per cent of your pensionable earnings. Learn more about how you contribute and the contribution formula.

Read More →

Holiday hours – July 2021

The WISE Trust Pension Contact Centre will be closed on Thursday, July 1, 2021 for Canada Day. You can leave us a message and we …

Read More →

You asked, we answered – your 2020 annual pension statement

Your 2020 annual pension statement is a snapshot of your pension as of December 31, 2020 from the WSIB Employees’ Pension Plan (the Plan). Your statement includes your personal and pension related information.

Read More →

Saving for retirement is like planting a tree…

There’s an old saying that the best time to plant a tree was 20 years ago, and the second-best time is today. The same goes for planning for your retirement – sooner is always better.

Read More →