Hi folks, new here and contemplating leaving a 20 yr marriage. I am 56, the main earner with a government pension plan and CPP credits. He is 54 and has been self employed most of his life, now minimally employed (mostly due to injury). I know my pension and CPP credits will be divided. From what I understand actual money will be taken out of my pension account and turned over to him to invest (or spend, or ...). I am assuming CPP credits will be transferred to his account. I know I will have to pay spousal support out of my income, probably forever. Oh well...
My question. If I retire from my current job, take a new job and start drawing my pension before we split what happens?
-Does my pension income get added to my job income and SS calculated from that total?
-Does the pension plan pay him out and SS get calculated from my new job income plus my half of the pension?
-Does the pension plan pay him out and SS get calculated only from my new job pension?
My question. If I retire from my current job, take a new job and start drawing my pension before we split what happens?
-Does my pension income get added to my job income and SS calculated from that total?
-Does the pension plan pay him out and SS get calculated from my new job income plus my half of the pension?
-Does the pension plan pay him out and SS get calculated only from my new job pension?
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