What happens to my pension funds in the case of a marriage or spousal relationship breakdown?
As indicated in The Plan booklet the pension legislation in all jurisdictions provides for the division of pension funds in the case of a marriage or spousal relationship breakdown. The jurisdiction that governs your pension funds is the province in which you are currently working or last worked for an employer member of the CSS Pension Plan (this information is indicated on your annual statement). Regardless of which jurisdiction governs your pension funds, you or your lawyer will have to contact the CSS Pension Plan to find out how much pension funds were accumulated during the marriage or spousal relationship. For this, the Pension Plan will need the date of marriage (or the date the spousal relationship started) and the date the marriage ended (or the date the spousal relationship ended). If the pension funds are going to be divided, the Pension Plan requires a copy of an appropriate Court Order or Separation Agreement. The Pension Plan strongly encourages your lawyer or your spous
Related Questions
- Family Law FAQ #14- Can there be an agreement between partners to a marriage or a de facto relationship that on the breakdown of that relationship that there will be no future spousal maintenance?
- What happens in the event of a spousal relationship breakdown?
- Are pension assets divided on spousal relationship breakdown?
