Adult Financial Literacy Guide | Page 15

Federal Programs The Canada Pension Plan Post Retirement Benefit is a cumulative monthly benefit paid to individuals who continue to work and made CPP contributions while receiving the CPP retirement pension. You might be eligible if you are:    60 to 70 years of age Working and contributing to the CPP Receiving a retirement pension from the CPP CPP Disability Pension The Canada Pension Plan Disability Pension is a taxable monthly benefit available to people who have contributed to the CPP and who are not able to work regularly at any job because of a disability. A disability pension converts to a CPP retirement pension at age 65. To qualify for a CPP disability benefit, you must:    CPP Post-Retirement Benefit FreeImages.com content License-Mee Lin Woon Have a severe and prolonged disability Be under the age of 65 Meet the CPP contribution requirements CPP Death Benefit The Canada Pension Plan Death Benefit is a one-time, lump-sum payment made to the estate on behalf of a deceased CPP contributor. If an estate exists, the executor named in the will or the administrator named by the Court to administer the estate applies for the death benefit. The executor should apply for the benefit within 60 days of the date of death. 15