When is the value of a pension plan assessed during a divorce?

The value of a pension plan during a divorce is typically assessed at the date of separation. This date is significant because it marks the point in time when the marital assets are frozen for the purpose of division. By evaluating the pension's value at separation, both parties can have a fair understanding of what has accrued during the marriage and can determine how to equitably divide the asset. This method ensures that any increase in value that happens after separation is not subject to division, thus accurately reflecting the contributions each spouse made during the marriage.

Assessing the pension at the time of judgment, when the divorce is finalized, or during applications for spousal support would not give an accurate picture of the value accrued during the marriage itself, leading to potential inequities in asset distribution.