What is a coverture fraction?
A coverture fraction is a tool used by an appraiser to separate that portion of the benefits which was earned during the marriage, from that portion of the benefits which were earned outside of the period of marriage. The coverture fraction represents that portion of the value of the benefits attributable to the marriage. The numerator of the fraction represents the total period of time the pension holder participated in the plan during the marriage, and the denominator is the total period of time the pension holder participated in the plan as of the cut-off date. The following example illustrates the mechanics of a coverture fraction: Marriage Date: June 30, 1978 Date Employment Started: January 30, 1970. Cut-Off Date: June 30, 1998. The total number of years of participation in pension plan during the marriage equals 20 (from June 30, 1978 to June 30, 1998). The total number of years of participation in the pension plan as of June 30, 1998 equals 28.5 (from January 30, 1970 to June 3
This represents that portion of the value of the benefits attributable to the marriage. The numerator of the fraction represents the total period of time the pension holder participated in the plan during the marriage and the denominator is the total period the pension holder participated in the benefits program.
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