Pension Sharing on Divorce
There are arrangements whereby, when a couple divorce or a civil partnership is legally dissolved, the Courts will establish the value of the member’s pension and the amount of the pension that is to be shared.
A pension debit will then be made against the member’s benefits that will reduce their pension at retirement or death. A corresponding credit will be given to the ex-spouse or ex-civil partner who will become a ‘credit member’ in the TPS.
These provisions are explained in more detail in our leaflet ‘Pensions on Divorce and Dissolution’ which is available in the Forms and Leaflets section of the website.
