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What You Need to Know About Pensions & Marriage Breakdown

Ending a spousal relationship can be life-changing and you will need to know how ending your marriage will impact your IBEW Local 353 Pension Plan. Normally upon marriage breakdown assets that were gained during the marriage are split evenly. If you and your spouse are in the process of a separation or divorce, you should be aware your pension is considered a family asset. As a family asset, the value of the pension earned during your marriage is subject to inclusion in the equalization of family assets for the period of your marriage. Click here and/or contact TEIBAS for more information.