If you are single and don’t have a registered partner or child under 18, the lump-sum death benefit corresponds to your total retirement savings. If the pension fund must make monthly payments to a surviving spouse or child, the sum of these payments will be deducted from your retirement capital, and the lump-sum death benefit will correspond to the amount left in the account. Any voluntary contributions you have made to your retirement savings are guaranteed, minus any early withdrawals you have made to purchase a home or carry out renovations to maintain or increase the value of your home.
There may be a minimum lump-sum death benefit in the agreement your employer has signed with AVENA. Your pension plan may also provide for a supplementary lump-sum benefit.