What happens to a pension credit split off from a final salary pension under the WRPA 1999 Pension Sharing on Divorce legislation and allocated to a non-member ex-spouse who's allowed or required to retain this pension credit awarded on divorce within the defined benefit section of the original scheme. Will the ex-spouse pension credit member who retains the pension credit within the scheme will have a "pension promise" of the sort the pension member has.
Once the Pension Sharing Order notifying the scheme of the agreed percentage shares of the CETV has been implemented, will the pension scheme notify the ex-spouse pension credit member of the pension income they'll get at their normal retirement age and guarantee that income in the same way they would for a deferred scheme member ?
Questions And Answers
Final Salary Pension upon Divorce
asked by Jayne Morefield posted 3 Years ago at 15:18
1-1 of 1 Answers
Rob Simpson answered 2 Years ago at 17:22, last modified: 2 Years ago at 14:56Hi Jayne,
In a nutshell....Yes. If you believe the Court Order has been implemented and have not yet heard anything then you should contact the Trustees of the pension scheme to which you have been awarded the credit.
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