Pension Valuation Information:
The Government of Ontario introduced changes to the family law provisions of the Pension Benefits Act that came into effect on January 1, 2012.
These changes established a new process for the valuation and division of pension assets following the breakdown of a spousal relationship. This family law pension valuation and division regime requires the pension plan administrator (Plan Administrator) to calculate the value of the pension, provides for immediate division, and mandates the use of Superintendent of Financial Services approved forms throughout the process.
Article Courtesy: http://fsco.gov.on.ca/en/pensions/Family-Law/Pages/familylawforms.aspx.