Who Can Be A Beneficiary?
People or charities can be beneficiaries. If you name a charity, use the full name and charitable organization number instead of a person’s name.
If you are naming a minor or a dependent adult, you may want to name a trustee to look after the funds on their behalf. If you do not name a trustee, a trustee from Alberta's Office of the Public Guardian and Trustee may be appointed.
You can use your Will to tell us who your beneficiary is, although the pension designation in the Will needs to identify PSPP or your employment-based pension plan.
You should occasionally review who you have named as a beneficiary. You can update your beneficiaries by logging in to the website and using the secure, online portal, Your Pension Profile.
You may also want to consider getting independent legal and financial advice when you are making these decisions.