I was wondering if anyone could shed any light on this.
Ex started a union job a year after we married. We separated approx 12 years later. The pension is a defined benefit plan.
We're finally about to divide the pension and he wants to offer a buyout. Rather than pay the actuary (approx $700), he got his pension statement from our year of separation and wants to make an offer based on that statement.
Does anyone know how big of a difference there would be between a pension statement and the actuary's calculation? Thanks for any insight.
Ex started a union job a year after we married. We separated approx 12 years later. The pension is a defined benefit plan.
We're finally about to divide the pension and he wants to offer a buyout. Rather than pay the actuary (approx $700), he got his pension statement from our year of separation and wants to make an offer based on that statement.
Does anyone know how big of a difference there would be between a pension statement and the actuary's calculation? Thanks for any insight.
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