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Don't understand pension share, help please...

  • What next
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21 Dec 09 #170650 by What next
Topic started by What next
Hi all,

I have just agreed with my solicitor for an actuarial valuation of my pension to be carried out.

My ex's solicitor is proposing equality of income on retirement.

I have so far served 30 years in the RAF and have another 5 to go (if all goes well).

My ex and I were married 27 years but had 2 periods of seperation, one of 1 year and one of 7 years.

As I understand it, equality of income would mean that we both receive the same amount on my retirement. As women statistically, live longer than men she will get more than half of the pension pot.

So she will recieve more than half of a 35 year pension when we have actually been together for only 20 years.

She choose not to work and so has no pension of her own and trashed our marraige with a series of affairs.

Is this really right, I expected the pension earned so far to be shared but surely not the pension I am going to earn in the future.

If for any reason I cannot finish the remaining time in the RAF I think I will receive significantly less than my ex, is this right also.

I would really appreciate any thoughts you have on this.

Merry Christmas,

What next

  • maggie
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23 Dec 09 #171072 by maggie
Reply from maggie
Your ex's solicitor probably recognises that the AFPS CETV severely understates the real value of your AFPS pension.
In a recent case discussed on Wikivorce the settlement gave the spouse 100% of the AFPS CETV at the date of divorce in recognition of the leap in value when length of service thresholds are crossed.
Did you reconcile and live together again as man and wife after the second separation?

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