An agreement on the distribution of acquired entitlements must be made before commencement of pension payments, but no later than before the age of 65, subject to the opinion of the funds medical consultant that the health of the relevant parties have not reduced life expectancy.
An agreement on division is a mutual action where spouses or cohabiting partners grant the same proportion of their entitlements and the entitlement of their spouse are reduced to the same extent. However, the division of pension entitlements between spouses or cohabiting partners only covers the entitlements that have been acquired/will be acquired while the marriage or cohabitation lasts or lasted, and only covers lifelong pensions and not spousal pensions or disability pensions. The authorization covers up to half of the pension entitlements.
The distribution of acquired entitlements is based on age and gender and can therefore come out in the aggregate as a minus or a plus. The reason is different life expectancy depending on age and gender. It is therefore important to take your time and consider your situation well.
For an agreement on the division of earned pension entitlements to take effect, both parties must sign an agreement and return the following supporting documents to the receiving fund, which is normally the fund to which the last premium was paid.
- Agreement on the distribution of pension entitlements
- Individual's health certificate, from a doctor
- Cohabitation or marriage history certificate
It should be pointed out that once the acquired pension entitlements have been divided, the division is final and cannot be reversed when one party dies. This does not apply to the division of pension payments.
