Divorce due to unreconciable differences

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Reference no: EM134050231

Question

Laurie and Rob have been married for 30 years and they have decided to get a divorce due to unreconciable differences. As part of the divorce settlement Laurie is entitled to share in Rob's defined benefit pension plan. Rob has been a member of the pension plan for 35 years. Which of the following statements is TRUE?

Laurie can obtain a share of the pension credits that Rob has earned over the past 35 years Laurie can receive her share of the pension in cash Laurie must apply for division of the pension under the provincial Pension Benefits Act, not the provincial family property laws. Depending on the province in which they live, Laurie may be able to have a lump-sum payment transfereed to her own locked-in retirement account (LIRA).

Reference no: EM134050231

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