The BC Court of Appeal recently dealt with the legal nature of survivor pension benefits and how they may be effectively waived in a separation agreement between spouses in Tarr Estate v. Tarr, 2014 BCCA 315. In this case, the court concluded that, after a pension has commenced, to effect a valid waiver of a survivorship interest the waiver must be in the prescribed form P5 found under the Division of Pension Regulations.

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