Decreasing Your Survivor Pension

It's also possible to decrease your survivor pension to 50 or 55%. There is no cost for providing a 50% survivor pension to your eligible spouse.

If you feel this is the right option for you and your eligible spouse, you both must sign a Spousal Waiver of Joint and Survivor Pension form and return it to us within 12 months of your first pension payment. A waiver can be revoked if you notify us in writing before receiving your first pension payment; however, once you receive your first pension payment, your survivor option election becomes irrevocable.

Changing your election

The easiest way to do change your survivor pension election is by signing in to your Ontario Teachers' account. Choosing one of the percentages displayed is all it takes to make your selection.