What is the impact of a defined benefit plan on the division of a spouse's Severance Package?
Nova Scotia, Canada
The following excerpt is from Verdun v. Dorrance, 2006 NSSC 305 (CanLII):
The nature of the defined benefit plan is discussed in Best v. Best (1999), 1999 CanLII 700 (SCC), 242 N.R. 1 (SCC). There will be no discounting for the period during his first marriage. Equalizing the parties position as it relates to the division of the pension for the period to be divided is the goal under the Act. Severance Package
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