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Financial Issues This forum is for discussing any of the financial issues involved in your divorce.

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  #1  
Old 01-16-2021, 07:14 PM
Helpmyspouse Helpmyspouse is offline
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Default Pension to LIRA transfer

In our settlement agreement and due to equalization , my ex is entitled to a portion of my pension. It was not an automatic thing. Apparently my ex has to fill out a form and make an application for this transfer.
1. Will I be notified somehow that this transfer has been done?
2. Is there a time limit for him to do this?
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Old 01-17-2021, 07:29 AM
standing on the sidelines standing on the sidelines is offline
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not sure if this helps at all I think that for most plans some of the rules would be the same with time frames etc


https://www.fsco.gov.on.ca/en/pensio...s/Form5FAQ.pdf

Last edited by standing on the sidelines; 01-17-2021 at 07:32 AM.
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Old 01-26-2021, 01:10 PM
excel excel is offline
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There are laws before Jan 2012 and after . Depends on when your separation took place . The pension owner has to fill out the form ( Form 1 ) and submit it to their pension plan office . It will be divided there and both parties will receive a copy of the split statement . Make sure you both agree on when the relationship started and ended. If not then additional forms are required ( Form 2 and 3 ) . Your pension plan office might charge you a fee to do this split. Luckily mine didnt . Google : Family Law Pension Valuation
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