How are pensions valued in calculation of property and equalization?
Syrtash & Grunwald: Pensions are considered property and must be valued when calculating NFP and an equalization payment. Because they are difficult to value, the help of an actuary is required. A pension is worth more than the value of the contributions made to it, and its value changes depending upon how much longer the pensioner will be working, whether there will be early retirement, if the pension is indexed, or whether the calculation should be made as if the pension member was terminated at the valuation date. Some pensions are governed by federal legislation, and others by provincial or territorial legislation. Different rights may apply if you are separated at the time the pension becomes payable or not. WARNING and GENERAL DISCLAIMER: The contents of these Frequently Asked Questions are intended as general legal information only. If you have a personal problem, please consult a lawyer. Neither John Syrtash, Peter Grunwald or the firm of Garfin Zeidenberg LLP shall be held lia
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- How are pensions valued in calculation of property and equalization?
