Cash and/or an income paid by the Government or a private company or arrangement on a person’s retirement. Pension funds can be extremely valuable and may be an important part of any financial settlement, especially after longer marriages. There are three ways of resolving issues around pensions and provision on retirement.
Pension earmarking is arranging that, when a pension comes to be paid, a proportion of it is paid to the other party.
Pension offsetting is offsetting the value of the pension against some other asset such as the marital home.
Pension sharing is the splitting of the pension at the time of divorce, giving both parties their own pension fund
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