Below are detailed instructions to assist you with the completion of the BC prescribed waiver forms.
- Instructions for Form 1 – Spouse’s Waiver to Permit Benefits in a Pension Plan, Locked-In Retirement Account or Life Income Fund to be Unlocked
- Instructions for Form 2 – Spouse’s Waiver of 60% Lifetime Survivor Benefit and/or Beneficiary Rights From a Pension Plan or Annuity After Payments Start
- Instructions for Form 3 – Spouse’s Consent to a Transfer to a Life Income Fund or Establishment of a Life Income Type Benefits Account
- Instructions for Form 4 – Spouse’s Waiver of Beneficiary Right to Benefits in a Pension Plan, Locked-In Retirement Account, Life Income Fund or Annuity Before Pension or Annuity Payments Start
Instructions for Form 1 – Spouse’s Waiver to Permit Benefits in a Pension Plan, Locked-In Retirement Account or Life Income Fund to be Unlocked
In the event that a member has obtained non-residency status from CRA and wishes to unlock their locked-in funds, the member’s spouse must waive their entitlement to receive survivor’s benefits by completing this form.
The following information is required on page 1 of Form 1:
- Name of pension plan: UBC Faculty Pension Plan
- Address of plan administrator: 201 – 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3
- Plan’s provincial registration number: P085435
Instructions for Form 2 – Spouse’s Waiver of 60% Lifetime Survivor Benefit and/or Beneficiary Rights From a Pension Plan or Annuity After Payments Start
In the event that a member wishes to elect less than a 60% survivor benefit, the member’s spouse must waive their entitlement to the minimum 60% death benefit by completing this form.
The following information is required on page 2 of Form 2:
- Name of pension plan: UBC Faculty Pension Plan
- Address of plan administrator: 201 – 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3
- Plan’s provincial registration number: P085435
Instructions for Form 3 – Spouse’s Consent to a Transfer to a Life Income Fund or Establishment of a Life Income Type Benefits Account
If any portion of a member’s account is used for a Life Income Fund (LIF) or LIF-Type Payments, the member’s spouse must complete this form.
The following information is required on page 1 of Form 3:
- Name of pension plan: UBC Faculty Pension Plan
- Address of plan administrator: 201 – 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3
- Plan’s provincial registration number: P085435
- Benefits in the pension plan are to be: [initial one box only]
[ ] transferred to a life income fund (initial this box if you are transferring to an external LIF)
[ ] used to establish a LITB account in the pension plan (initial this box if you are electing the LIF-Type Payment Account income option from the UBC FPP)
The following information is required on page 3 of Form 3:
- I am signing this form to consent to the following: [initial one box only]
[ ] the transfer of the member’s/former member’s benefits in the pension plan identified on this form to a life income fund (initial this box only if you are transferring to an external LIF)
[ ] the establishment of a LITB account in the pension plan identified on this form (initial this box if you are electing the LIF-Type Payment Account income option from the UBC FPP)
Instructions for Form 4 – Spouse’s Waiver of Beneficiary Right to Benefits in a Pension Plan, Locked-In Retirement Account, Life Income Fund or Annuity Before Pension or Annuity Payments Start
In the event that a member with a spouse wishes to designate an individual(s) or organization(s) other than his/her spouse as the primary beneficiary, the spouse must complete this form.
The following information is required on page 1 of Form 4:
- Name of pension plan: UBC Faculty Pension Plan
Address of plan administrator: 201 – 2389 Health Sciences Mall, Vancouver, BC V6T 1Z3 - Plan’s provincial registration number: P085435
The following information is required on page 3 of Form 4:
- I am signing this waiver to waive or give up the specified right: [initial one box only]
[ ] my right as beneficiary to receive the member’s benefits in the pension plan identified on this form if the member dies before starting a pension (initial this box only)