Any actuaries here to comment on this?

[numbbrain]

Me and Ex are divorcing and have had mediation sessions to discuss finances.

There is one question that the mediator cannot answer:

With the Final salary pension we have a cetv. But if say half that sum is taken and given to me. When he retires in say 10 years time, how is his pension calculated. Will he still get 1/60 times total years at work.

Thanks

[ChessieFL]

I can only say how it works for the public sector pension scheme I’m familiar with. Your ex will need to check with his scheme how they calculate it.

In the scheme I know, when a pension sharing order is implemented they will calculate the pension and any lump sum your ex has already built up, then they put a transfer value on that. Say you’re then given 50% of that. Your ex would then have a debit of 50% of the pension and lump sum already built up and that amount is then deducted from whatever he has a retirement e.g. if the pension built up at the date of the order is £10k he will then have £5k deducted at retirement (adjusted for inflation) even if by retirement his pension has increased to £20k. I don’t know if it will work that way in your ex’s scheme.

[numbbrain]

Thankyou Chessie

That makes sense, thankyou