Pension splitting on break-down of marriage-like relationships

Speakers: Nicola Doering, Nigel Sloam und Paul Timmins

In Germany in 2009 there was a reform of the Pension Adjustment Act, which deals with pension rights in a divorce case. This new act has massively boosted the role of the actuary during this process. The employer or the institution he uses for providing pension benefits has to present a proposal to the court how to divide the pension rights earned during the marriage and this proposal has to contain an information about the present value of these rights. As a consequence German actuaries are much more involved in these processes than before.