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Crisis Centre

HUM-0620 Pension: Summary of Individual Beneficiaries

Description

A summary record of the beneficiaries who no longer have an entitlement under the pension plan because their benefit has been paid otherwise transferred out. This summary provides confirmation that the entitlement under the plan has been settled. 

Includes completed enrolment form, employee’s name, plan membership entry date, date of end of employment or retirement, vested status, disclosure made to the member at end of employment, beneficiary designations, record of amount and date of payment. 

For records of pension plan administration, see: HUM-0600 Pension: Plan Administration

For records of individual beneficiaries, see: HUM-0610 Pension: Individual Beneficiary Entitlements

Retention Trigger

 

Retention

Permanent

Responsible Unit(s)

Human Resources

Source

Human Resources, 3rd party service provider

Records System

Paper

Citations

Pension Benefits Act, R.S.O. 1990, c. P.8 s25-31
Regulation 909, R.R.O. 1990

Record Authority

VP Human Resources and Services

Disposition

Secure destruction

Records Arising from Activity

Completed enrolment form, employee’s name, plan membership entry date, date of end of employment or retirement, vested status, disclosure made to the member at end of employment, beneficiary designations, record of amount and date of payment.

Retention Rationale

This record series consists of the most basic information recommended by FSCO for permanent retention.

Personal Information

Yes

Vital Record

No

Protection

High