What is meant by the “Cut-Off Date,” “Date of Classification” or “Date Marriage Ended”?
For purposes of the present value analysis, the cut-off, date of classification or date the marriage ended date refers to the date that marital property rights relative to the pension terminate. This date can be the separation date, the actual date of divorce, or some other date that may be mutually agreed upon by the parties. This date is different in every state, and is usually dictated by case law.
