Apply for Lifetime Pension
Overview
Please complete this form or contact us to start the application process for a Lifetime Pension. We will provide you with your estimated monthly pension payments based on your personal information along with the application form.
Related information:
Learn more about the Lifetime Pension on Lifetime Pension Overview.
You have the option to choose a combination of Lifetime Pension and the Variable Pension Benefit (VPB) for your retirement income. Lifetime Pension is designed to provide you with dependable monthly payments for life, regardless of how long you live. The VPB option offers you flexibility and control over when and how much retirement income to withdraw, and choice over how your money is invested within the Plan.
Requirements
Forms and Documentation
These are the forms PEPP requires to process your Lifetime Pension application:
Application for Lifetime Pension form
TD1 Personal Tax Credits Return form
TD1 Saskatchewan Personal Tax Credit Return form
If you are married and want to:
- purchase a single life Lifetime Pension, we require the Spouse's Consent and Waiver of Post-Retirement Survivor Benefits form to be completed.
- name someone other than your spouse as your designated beneficiary, we require Spouse's Waiver of Designated Beneficiary Status form to be completed.
NOTE: PEPP requires originals of the forms listed above. Depending on your situation, the waiver may or may not apply.
You can submit certified copies of all other documents:
- Proof of membership for former PEPP members, which can be a previous PEPP member statement, a T4, or a payslip showing PEPP deductions.
- Applicable Canada Revenue Agency transfer documents for members transferring money into the VPB from outside sources (T2033 for RRSPs, T2151 for locked-in transfers).
PROOF OF AGE*
- Your birth certificate, driver’s license, or passport
- Your spouse’s birth certificate (if applicable), driver’s license, or passport
- *If not previously provided to PEPP
PROOF OF MARITAL STATUS
- Your marriage certificate, if you are married
- Declaration of Common-law Relationship form, if you are not married but have a common-law spouse
- Proof of death, if your spouse is deceased
- Proof of your single status such as your divorce certificate or Decree Absolute, if you were previously in a spousal relationship
Refer to Acceptable Documentation, for information on how to certify your documents and what document(s) you may need to change your information.
Processing Time
PEPP must receive all required forms (application, proof of age, waivers, etc.) at least 5 business days before the start of the month you want to start receiving Lifetime Pension payments. Lifetime Pension payments are direct deposited to your bank account at month end.
For example, for a Lifetime Pension starting on Monday, April 1, PEPP must receive the completed forms 5 business days prior (Monday, March 24). Your first payment will be made to you at month end (April 30).
Fees
There is no cost to apply for the Lifetime Pension.