WHEREAS the Canada Pension Plan Death Benefit was, until 1998, a percentage of the amount of Canada Pension received by the deceased estate and, if that system had continued, the Death Benefit maximum would be approximately $5,300 today, and
WHEREAS currently the death benefit is calculated as “equal to six months’ worth of calculated retirement pension up to a maximum of $2,500” with the average death benefit paid out in January 2017 being $2292.52, and
FURTHER WHEREAS this death benefit is paid to the survivor or estate of the deceased Canada Pension Plan recipient in order to assist with the funeral expenses of the deceased;
THEREFORE BE IT RESOLVED that the National Pensioners Federation urge the Federal Government to increase the Canada Pension Plan Death Benefit to “equal to six months’ worth of calculated retirement pension up to a maximum of $5,000” immediately, with incremental increases every year thereafter at no less than the cost of living, and that this benefit be made non-taxable.
Submitted by OLD AGE PENSIONERS ORGANIZATION of BC and COUNCIL OF SENIOR CITIZENS ORGANIZATIONS of BC