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  3. Apply for Variable Pension Benefit
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Apply for Variable Pension Benefit

Overview

Complete this form if you are retiring and want to start a Variable Pension Benefit.

Related information:

Learn more about the Variable Pension Benefit on Understand Your Pension - Variable Pension Benefit.

You have the option to choose a combination of the Variable Pension Benefit (VPB) and  Lifetime Pension for your retirement income. 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.Lifetime Pension is designed to provide you with dependable monthly payments for life, regardless of how long you live. 

Requirements

Forms and Documentation

These are the forms PEPP requires to process your VPB application:

 Application for Variable Pension Benefit form

 Designation of Beneficiary form

 Spouse's Consent and Waiver of Post-Retirement Survivor Benefits form

 Spouse's Waiver of Designated Beneficiary Status form

NOTE: PEPP requires originals for the four forms listed above. Depending on your situation, the last two forms 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;

 TD1 Personal Tax Credits Return form

 TD1 Saskatchewan Personal Tax Credit Return form

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

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

Your VPB application will be processed in approximately five business days of receipt after all documentation is submitted.

Fees

There is no cost to apply for the Variable Pension Benefit.

Get Started

Recommended

Phone/Mail-in Option

Complete and submit originals of the first four forms listed in the Proof or Documentation Required section. Depending on your situation, the last two forms on the list may not apply to you.

You can submit certified copies of all other documents. Refer to Acceptable Documentation, for information on how to certify your documents and what document(s) you may need to change your information.

Plannera Pensions & Benefits

110 - 1801 Hamilton Street

Regina, SK S4P 4W3

Contact Us
Contact Us

Plannera Pensions & Benefits

110 - 1801 Hamilton Street

Regina, SK S4P 4W3

Contact Us
Contact Us

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  • Welcome to PEPP
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  • ... view more

Footer Menu 2

  • Address Change
  • Change in Spousal Relationship
  • Name Change
  • Investment Fund Changes
  • ... view more

Footer Menu 3

  • How to Attend
  • Profiling RICs
  • Webinars
  • Workshops

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Understand Your Pension

Account Changes

Footer Menu 1

  • Welcome to PEPP
  • Designating a Beneficiary
  • Relationship Breakdown
  • Contributing to Your Plan
  • ... view more

Footer Menu 2

  • Address Change
  • Change in Spousal Relationship
  • Name Change
  • Investment Fund Changes
  • ... view more

Learning Events

About the Fund

Footer Menu 3

  • How to Attend
  • Profiling RICs
  • Webinars
  • Workshops

Footer Menu 4

  • Fund Information and Performance
  • PEPP Board
  • Plan Governance
  • Vision, Mission and Goals
  • Reporting
  • ...view more

Employers

Insights

Footer Menu 5

  • Contact your PEPP ERCs
  • Forms, Guides and Tutorials
  • Transaction Fees
  • Employer Bulletins
  • Employer Application Criteria
  • ...view more

Footer Menu 6

  • View all Insights

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Public Employees Pension Plan is administered by