Who you can name as a beneficiary
Learn who you can name as a beneficiary to receive your pension benefit when you die.
Name a trustee for your beneficiary
You can name a trustee to manage and distribute your pension benefit to your beneficiaries, including minors (under age 19) or those unable to manage their own finances.If you die, and your minor child or other dependent beneficiary(ies) are eligible to receive your pension benefit , the named trustee will manage and distribute the benefit to them.
If you die without naming a trustee, any death benefit entitled to a minor will be payable to and managed by the Public Guardian and Trustee of BC until the minor beneficiary turns 19.
If you name a trustee, the trustee nomination remains in effect even after the minor beneficiary turns 19. If you'd like your beneficiary to receive their death benefit directly once they turn 19, you'll need to submit a new nomination.
You may also want to name a trustee to manage and distribute your pension benefit to other dependent beneficiaries where age is irrelevant, such as those with a disability.