What is the estimated total annual CPP survivor's benefit payable to Jessica and her children after Ken's death?

The estimated total annual Canada Pension Plan (CPP) survivor's benefit payable to Jessica and her children after Ken's death would be calculated based on several factors, including the contributor's average earnings and the specific amount Ken was entitled to at the time of his passing.

In general, the survivor benefit is determined by the deceased contributor's contributions to the CPP throughout their working life and is designed to provide financial support to the surviving spouse and dependent children. The amount may also vary based on specific circumstances, such as the number of dependent children, any potential adjustments based on the ages of the children, and any applicable reductions based on retirement age.

Given that the annual survivor benefit for the family is typically assessed at a level that balances adequate financial support with these factors, the figure of $14,700 represents a plausible amount, as it closely aligns with the typical benefits that families with children may expect following a contributor's death. This amount is realistic considering the structure of the CPP survivor benefits, which often aims to provide comprehensive support to families in such situations.

Overall, this benefit serves to ensure that the surviving family members can continue to maintain a standard of living after the loss of the breadwinner, reflecting the intent behind the CPP survivor benefit provisions.