SEPTEMBER 2025
The Essential
Plan Members
Reminder: At 71, some essential decisions need to be made
⏲ 1 min.
When a plan member reaches age 71 and remains employed, certain obligations fall to the employer to ensure the savings plan is managed in a compliant and transparent manner.
How to
Simplified Notice of Death
When a plan member passes away, it’s important to ensure that beneficiaries can receive their death benefit as quickly as possible. That’s why we’ve simplified the death notification process by implementing the following improvements:
- A single form for all products, which only the plan sponsor is required to complete and return to us
- An options statement which will be sent to the beneficiary so they can choose how to receive the death benefit
Where to find the updated procedure
You can find the updated procedure on the Plan sponsor services site, under Guides and procedures > Termination of participation.
Questions?
Please contact your Desjardins Insurance Administration team for more information.
