Pension Valuations For Separation

Dumb Juan

Hi,

We are early stages of separation. I have a defined contribution pension pot and my ex has a public sector pension.

With mine there is an asset value while my ex it will define be a lump sum on retirement and the annual pension. In the course of separation either agreed or by judge, with public sector pensions do they ever calculate an asset value so it can be compared easily to a define contribution scheme? If not how do they compare them in terms of splitting the assets up?

older i get better i was

Im in same boat just now, but sorry cant shed any light on it…

Henry Ford III

Yes they do put a notional cash value on the public service pension.

Dumb Juan

Thanks @Henry Ford III do you have any idea how public sector pension is valued or do I need to hire a pension expert?

Henry Ford III

I do but would advise you to ask your solicitor.

Dumb Juan

Thanks @Henry Ford III just out of curiosity, I would be hardly be so lucky as it would be a simple sum such as multiply the PS lump sum by 4 (In a private dc scheme you are allowed take 25% of the fund value out as a lump sum, subject to maximum fund values) and that would give you a capital value.

But knowing the public sector it is way more complex.