From what I have been able to find out, the pension (Pillar II) is split in half
when a couple divorces. The amount that is split is the amount is that
accumulated during marriage.
But what about the case of legal separation when the other party does want
a divorce? It takes two years of separation to "force" the other party to
agree to a divorce. Ideally the pension amount subject to 50-50 split is
the amount accumulated from the time of marriage to the time of separation.
And NOT until the time of actual divorce which can be 2 more years like I said
when the other party does not agree to a divorce.
Anybody been through this would like to share what happens? The right
approach I believe is one where the clock stops at the time of legal
separation. But I would like to confirm.
Mike
when a couple divorces. The amount that is split is the amount is that
accumulated during marriage.
But what about the case of legal separation when the other party does want
a divorce? It takes two years of separation to "force" the other party to
agree to a divorce. Ideally the pension amount subject to 50-50 split is
the amount accumulated from the time of marriage to the time of separation.
And NOT until the time of actual divorce which can be 2 more years like I said
when the other party does not agree to a divorce.
Anybody been through this would like to share what happens? The right
approach I believe is one where the clock stops at the time of legal
separation. But I would like to confirm.
Mike