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As part of a divorce settlement (or a settlement resulting from the dissolving of a civil partnership), the law allows the current value of a teacher’s pension benefits to be shared.
The first stage towards Pension Sharing is for Teachers’ Pensions to provide an up to date Cash Equivalent Transfer Value (CETV). In order to do this we’ll get in touch with you to provide the most up-to-date service and salary details.
Pension Sharing does not apply to mandatory compensation or discretionary enhancement.
You should be aware that if you obtain an employee’s benefit details from us, they won’t show a reduction in service if a teacher is subject to Pension Sharing. Instead the benefits, when they come into payment, are reduced.
The benefits reduced are the pension and lump sum. Short-term pensions, where the member dies in service, are unaffected.
Read our Divorce factsheet.
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