How are pensions dealt with?
The process of division of assets when a marriage or a common-law relationship breaks down can be very complicated. The value of the pension that accumulated over the period of the marriage should be divided equally between the spouses. When the value of the pension is calculated, the value assigned varies with respect to the date of retirement. You may be planning early retirement. You may be relying on government pensions to earn enough money in your old age. You may be involved in dangerous work where you might not make it to your expected retirement age. Many court cases have established that it should be assumed the pension member would retire at the earliest age possible. Also, remember that a high percentage of people retire early. You should always assume the earliest date of unreduced pension in vaulting your spouse’s pension, and leave it to them to prove that they will not be able to retire early. There are many factors that can contribute to the date of retirement. You shou
