Value of Long Term Disability and CPP

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A little history of my sitation is that me and ex have been separated for a year. we have three kids 17,14 and 8. Ex is disabled and collects long term disability plus the CPP disability. He started collecting these five years ago while we were married. Ex is 40 yrs old and I am 35. I am uneducated and have osteoporosis that does not allow me to work. we are now doing equalization.

1) My 1st question is that are long term disability payments considered when doing equalization. I have been told that I can get half of his payment or his entire LTD value, and I should get the LTD valuated. How do i do that? Who do i contact? I have no information about his plan ? and what should i value it at, current or future? He has already been collecting the LTD for six years now. Is this something that my ex has to do instead of me? are there costs involved?

2) Second question is that my ex collects LTD but does his employer still contribute towards CPP? He is collecting CPP disability . Is this separate from CPP? Im trying to ask is that are CPP and CPP disability two different payments?

3) Are CPP/CPP disability payments part of equlaization and how do i get that valuated? WE were married for ten years and he started working after we were married for the last seven years.

I have been told that for 7 years time that we were married he owes half of the CPP. There are two ways to do the valuation pro rata and income based. What is the best one for me and my sitiuation? and again how do i get it valuated? who do i contact? is this something my ex should be doing?

4) would i have to do this valuation for both CPP and CPP disability? also I was taking care of the children while we were married ...do i get more than half of the CPP?

Im sorry but this is really new for me and i had no clue that I could be entitled to his LTD or CPP. I have so many questions and any feedback wold be helpful.

thanks to everyone in advance
 
CPP Disability is different from CPP, but both have credit splitting.

You have osteoporosis. Are you collecting LTD?

Who has custody of the children? Is the other parent paying CS?

You are entitled to a portion of his CPP for the years that you were married, but I don't think either of you can collect until age 60?

Were you also receiving a benefit for the children? They may be eligible if they have a parent collecting CPP disability.
 
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CPP is split 50:50 for the time you you can prove that you were married and/or living common law. You do not need your ex partner to consent or participate in this process. You can download the form from the web.

In terms of the other retirement savings, I cannot offer any advice as I am still trying to get that split as stated in my divorce order which was finalized almost a year ago now.
 
yes we both share children equally. He pays CS. No i am not on LTD. I did not work ever. I only survive on CS and child tax money.
What do you mean benefit for children? He received LTD and then after a few years his insranc asked him to apply for CPP and he then started to receive CPP that was deducted from his LTD payment. For example: he got 2000 for LTD . then he apply for CPP and his payment is 500. so now his LTD is 1500 and CPP is 500.

what did u have to do about LTD to be paid now rather than waiting till 60. He is already receiving t6he monthly payment so why cant i receive my share now?
 
Credit splitting is discussed on the Canada website and there's a link to the form to apply. If he's collecting both now, both should be able to split now. The benefit for the children is also discussed there. I posted the link at the bottom.

Equalization is for property. CPP is not part of that. If you apply for the pension splitting, CPP calculates it for you.

As for your last question, why would you think you should get more than half of his pension? You are entitled to exactly half I believe. You have shared custody. Are you sharing the child tax money?

Once the pensions and child tax money is split equally, then you will both have the exact same income. At that point neither of you is expected to pay child support. Because you share the children equally. Correct?

Divorced or separated - Canada Pension Plan - Service Canada
 
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paris said:
Credit splitting is discussed on the Canada website and there's a link to the form to apply. If he's collecting both now, both should be able to split now. The benefit for the children is also discussed there. I posted the link at the bottom.

Equalization is for property. CPP is not part of that. If you apply for the pension splitting, CPP calculates it for you.

As for your last question, why would you think you should get more than half of his pension? You are entitled to exactly half I believe. You have shared custody. Are you sharing the child tax money?

Once the pensions and child tax money is split equally, then you will both have the exact same income. At that point neither of you is expected to pay child support. Because you share the children equally. Correct?

Divorced or separated - Canada Pension Plan - Service Canada
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yes it makes sense. with CPP split and CCTB split we both have same income. Now he has LTD each month and income replacement benefits each month. For example $2000 for LTD and $1500 for income replacement. what about those two?
 
i agreed that with CPP and CCTB half half income is same so no CS. what about LTD ? I have been told we eqalize the LTD and split LTD . is that true?
 
Quoted from here: Divorced or separated - Canada Pension Plan - Service Canada

Am I eligible to request a credit split?

Eligibility for Canada Pension Plan (CPP) credit splitting varies depending on when you divorced or separated, and whether you were married or living in a common-law relationship.
A credit split is not permitted:

  1. when the total Pensionable Earnings of the spouses, former spouses or former common-law partners, in a year, was not more than twice the Year’s Basic Exemption;
  2. for the period before one of the spouses, former spouses, or former common-law partners reached age 18 or after a spouse, former spouse or former common-law partner reached age 70;
  3. for the period when one of the spouses, former spouses, or former common-law partners was a beneficiary of a retirement pension under the CPP or Quebec Pension Plan (QPP);
  4. for the period when one of the spouses, former spouses, or former common-law partners was considered to be disabled for the purpose of the CPP or QPP Disability benefit
 
so does this mean i dont get the credit split at all? or i get it only for the years that he was not getting CPP disability and when he started to get it then there is no split?
 
Also ... what is the LTD? It's not from CPP - because you mention that is separate. Is it from an employer-sponsored insurance plan? Or a plan he subscribed to privately (i.e. paying his own premiums)?
 
so basically i get half of CPP until he started to get disability CPP. Right?
that would still give me atleast for years of CPP.

LTD is through his work insurance. He went on short term disability after the accident and then after a year i think he went on long term disability. He has been on it for five years now. Its the insuurance that offered extended health insurance for him.
 
As understand it, max CPP payout is around $12Kyr - and to get that you have to have earned at least the 'max insurable amount' for at least 40 years. So your 4 years is a tenth of that, and you get half of that, so this will come to at most $600/yr for you, starting when you are 65 (less $ if you start collecting earlier, and more $ if you start later).

Not sure about the LTD benefits - I don't understand why you would have any claim to those - someone else may pipe in with info.
 
Ohhhh so its not worth it to fight over the CPP then. Its very minimal amount if i cash it now as opposed to waiting until 65.

I really hope someone can guide me with LTD. I have been told that if he is getting it now and it is known that he will never go back to work, then it is treated like a life insurance and hence it is used for equalization purposes. We need to get it evaluated for pro rata or income based method. Give it a current value or future and then it is split. I have a hard time understanding this concept as well. I just wrote it down what i was told and i am now asking it here for clarification.
 
i feel that it is so unfair. I looked after him for so many years and did not work because he needed me. To the point now i have osteoarthirtis and cant even do minimum wage job. My health got affected from taking care of him and now i will always be poor. i am also depressed and am always hurting and in pain. My dr says i just have to look after myself and the stress that u endured with him is now taken a toll on my health. how is this fair?
I have all the debts on my credit cards that we used on "us" when we were married and i am at loss. My ex says that my debt is mine and his is his. only joint debt is to be split. after equalization i have negative 80000 ( all debts) and he has 30,000. how can that be a fair equalization????I get nothing.

My only hope was CPP and LTD!
 
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I'm not sure how osteoporosis or osteoarthritis can be caused by looking after someone. They are usually caused by not looking after yourself. It's tough ... but it's not your ex's job to look after you for life.

Sorry - not enough info to comment on fairness of your equalization.
 
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