Divorce

You may be asked to provide your solicitor or representative with an estimate of the cash equivalent value (CEV) of your pension rights. This is sometimes described as a ‘fund value’ or a ‘transfer value’. They all represent the value of your Leicestershire County Council Pension Fund.

The court will take this value into account in your settlement.

You can request these details by downloading the leaflet and form. Return the completed form to the Pension Section.

If you have any Additional Voluntary Contributions (AVCs), a current fund value will also be quoted for you. You do not need to contact Prudential for this.

However if you have other pension rights, you’ll need to approach each scheme separately to request a value of each fund.

Divorce Quotation request form    PDF, 246kb

The effect to your pension benefits

The court may use the CEV to offset the value of your pension against other assets in the divorce or dissolution settlement. Alternatively it may issue a Pension Sharing Order or an Earmarking Order against your pension or lump sum. A Pension Sharing Order is the court’s instruction to us to give a percentage of the member’s CEV to the former partner as a stand-alone pension entitlement. This will also reduce the member’s benefits up to the date of the order by the same percentage. An Earmarking Order will instruct us to make a cash payment from your pension or lump sum to your former partner.

If any charges apply a list will be supplied at the start of the process.

Under the LGPS, if you get divorced or a civil partnership is dissolved, you may wish to note that:

• Your ex-spouse or ex civil partner will cease to be entitled to a widow’s, widower’s or civil partner’s pension should you die before they do.
• Any children’s pension payable in the event of your death will not be affected by your divorce or dissolution. 

It’s recommended that you complete a new Death Grant Expression of Wish form upon your change in circumstances, so that the Pension Section is clear about your intentions. Please note however that the Court may, however, issue an Earmarking Order stating that all or part of any lump sum death grant is payable to your ex-spouse or civil partner, which must be respected. 

Death Grant Expression of Wish form    PDF, 856kb

Other information

Should your assets be offset without the need for the Courts involvement please inform the Pension Section of any change in your marital status by emailing pensions@leics.gov.uk and scanning or posting any relevant documents to us.