Thu, Apr. 01, 2010

Pension Split in Divorce Protected

CK - Washington.   A new pension fund system begins operations today. Pensions split in a divorce go by default into the new fund, although the parties to the divorce can provide otherwise. The German federal attorney general announced the fund, Versorgungsausgleichskasse, on April 1, 2010. It implements rules that became effective in September 2009. The fund assets are fully funded and insured by the Protektor bailout system.


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