Designate another beneficiary

​​A beneficiary is the person you have designated to receive, upon your death, the value of credits or entitlements you have accumulated in your Desjardins Group Plan.

Desjardins Group Pension Plan (DGPP)

You want to change your designated Desjardins Group Pension Plan (DGPP) beneficiary.

If you are an active employee,

To make this change, you will have to fill out the Beneficiary designation form. If you have designated an irrevocable beneficiary, you will need to have this person’s signature in order to make the change. The only exception to this is if your beneficiary was your spouse and you get divorced; the divorce automatically cancels this designation.

You will then have to submit the signed form to your employer. The employer’s payroll services department will then transmit the information to DGPP; new beneficiary will appear on your next annual DGPP statement. Your employer must then keep the form in your file indefinitely.

If you are retired and you had a spouse at retirement

To make this change, you will have to fill out the form Beneficiary Designation Desjardins Group Pension Plan (DGPP). If you have designated an irrevocable beneficiary, you will need to have this person’s signature in order to make the change. The only exception to this is if your beneficiary was your spouse and you get divorced; the divorce automatically cancels this designation. The form must be sent to Desjardins Insurance.

If you are retired and did not have a spouse at retirement or if you are a member with a deferred pension

To make this change, you will have to fill out the Beneficiary designation form. If you have designated an irrevocable beneficiary, you will need to have this person’s signature in order to make the change. The only exception to this is if your beneficiary was your spouse and you get divorced; the divorce automatically cancels this designation. The form must be sent to Desjardins Insurance.

The Supplemental Pension Plans Act stipulates that upon the death of a member, the member’s spouse has priority over all other beneficiaries (Sections 85 to 90) unless the spouse has signed the form entitled Waiver of Death Benefits before retirement pursuant to Section 88.1 of the Supplemental Pension Plans Act. This waiver may be revoked at any time by the spouse, prior to the death of the participant or before the commencement of the pension payments. This waiver only concerns benefits to be paid while the participant is still active in the plan. A new form must be signed at the participant's retirement in the event the spouse still wishes to waive the benefits he or she would be entitled to by virtue of his or her status of spouse afthe the participant's retirement.

For the purposes of the DGPP

  • The spouse is the person who is married to or united in civil union with the member and who is not separated from bed and board from the member (legal separation).
  • If the member is neither married nor civilly united, the spouse is a person who has been living with the member in a marital relationship for at least 3 years or, in the following cases, for at least 1 year, 
    • if (at least) one child has been born or will be born of their union;
    • if they have jointly adopted at least one child during their marital relationship;
    • if one of them has adopted at least one of the other’s children during this period. 
  • If no one meets any of the above definitions, the spouse is a person whom the member has designated in writing to the Desjardins Group Retirement Committee, and who has been living in a marital relationship with the member for at least 1 year.
  • Finally, if no one meets any of the above definitions, the member is deemed not to have a spouse for the purposes of the DGPP.

Upon your death, the value of your annuity, if paid to your spouse, may be transferred tax-sheltered to his or her RRSP. This transfer in no way affects your spouse’s annual RRSP contributions or unused contribution room.

If the value of your annuity is paid to any other person, the amount is taxable. An adjustment may be necessary when this person produces his or her tax return.

Group Insurance

​To find out how this life event could affect your group insurance plan, please visit My Health Is Cool 360°.

​You can also access My Health Is Cool 360° from the Desjardins Insurance secure site.