WHAT HAPPENS TO PENSION PLAN MONEY IN A DIVORCE?
The theory is that, while you were married, part of your spouse’s compensation was in the form of deferred benefits, which you expected to share in at retirement. In general, you will only be entitled to that portion of the pension or retirement fund that had accumulated during the marriage. And then you will only get your share, not the whole thing. You should be aware that money that is to be received in the future has a lower value in the present. So, if a woman has $100 in the bank today, that $100 will be worth more in ten years because it will earn interest. At the same time, if her husband says he is going to give her $100 in ten years, the value of that money today will be less since it has not yet earned the interest. To determine the reasonable value of pension and other retirement benefits, most people hire a professional known as an actuary. Then, if your spouse can afford to buy you out at that present value, you can get your money up-front. If that is not possible, you wi
