New rules and a new process for the valuation and division of pension assets following the breakdown of a spousal relationship came into effect on Jan. 1, 2012. If you need to value your pension for the calculation of net family property, you are now required to complete an application process with us.
These new guidelines are governed by the Financial Services Commission of Ontario (FSCO). Both working and retired members are required to complete several family law forms for a Statement of Family Law Value.
Instructions and Q&As for all FSCO forms are available in our Member Reference Library and in our step-by-step instructions.
Steps to take
The application process and settlement method depend on your status in the plan at your Family Law Valuation (FLV) date: