Division and revaluation of retired member’s pension
 39. (1) The following rules govern the division and revaluation of the retired member’s pension: 1.  Retired member’s initial (notional) pension: Determine the amount of the pension instalment (other than bridging benefits, if any) payable to the retired member immediately before the family law valuation date. 2.  Eligible spouse’s initial (notional) share: Determine the amount of the pension instalment (other than bridging benefits, if any) payable to the eligible spouse, under the order, family arbitration award or domestic contract referred to in subsection 67.4 (1) of the Act, as of the family law valuation date. 3.  Retired member’s revalued (notional) pension: Subtract the eligible spouse’s pension instalment, as determined in paragraph 2, from the retired member’s pension instalment, as determined in paragraph 1. 4.  Lump sum arrears in eligible spouse’s (notional) share: Determine the total of the pension instalments (other than bridging benefits, if any), with interest, payable to the eligible spouse from the family law valuation date to the date as of which the retired member’s pension is divided under subsection section 67.4 (4) of the Act. 5.  Retired member’s initial (notional) bridging benefits: Determine the amount of bridging benefits, if any, payable to the retired member immediately before the family law valuation date. 6.  Eligible spouse’s initial (notional) share: Determine the amount of the bridging benefits, if any, payable to the eligible spouse under the order, family arbitration award or domestic contract referred to in subsection 67.4 (1) of the Act, as of the family law valuation date. 7.  Retired member’s revalued (notional) bridging benefits: Subtract the eligible spouse’s bridging benefits, as determined in paragraph 6, from the retired member’s bridging benefits, as determined in paragraph 5. 8.  Lump sum arrears in eligible spouse’s (notional) share: Determine the total amount of the bridging benefits, if any, with interest, payable to the eligible spouse from the family law valuation date to the date as of which the retired member’s pension is divided under subsection 67.4 (4) of the Act. 9.  Arrears expressed as pension instalments: Determine the amount of a pension instalment payable for the life of the retired member, guaranteed until the end of the period for which the pension instalment under paragraph 1 is guaranteed, commencing as of the payment date that falls on or immediately after the date as of which the retired member’s pension is divided, such that, as of the date the retired member’s pension is divided under subsection 67.4 (4) of the Act, the commuted value of this pension is equal to the sum of the amounts determined in paragraphs 4 and 8. 10.  Eligible spouse’s share of the pension: Add the amount of the pension instalment as determined under paragraph 9 to the amount of the pension instalment as determined under paragraph 2. This is the eligible spouse’s share of the retired member’s pension. 11.  Retired member’s revalued pension: Subtract the amount of the pension instalment as determined under paragraph 9 from the amount of the pension instalment as determined under paragraph 3. This is the retired member’s revalued pension. 12.  Eligible spouse’s share of bridging benefits: The eligible spouse’s share of the retired member’s bridging benefits, if any, is equal to the amount determined under paragraph 6. 13.  Retired member’s revalued bridging benefits: The amount of the retired member’s revalued bridging benefits, if any, is equal to the amount determined under paragraph 7.  O. Reg. 287/11, s. 39 (1). (2) The eligible spouse’s share of the retired member’s pension, as determined in paragraph 10 of subsection (1), is payable as of the payment date that falls on or immediately after the date on which the retired member’s pension is divided under subsection 67.4 (4) of the Act, and is payable for the life of the retired member or until the end of the period for which the pension instalment under paragraph 1 of subsection (1) is guaranteed, whichever is longer.  O. Reg. 287/11, s. 39 (2). (3) The retired member’s revalued pension, as determined in paragraph 11 of subsection (1), is payable as of the payment date that falls on or immediately after the date on which the retired member’s pension is divided under subsection 67.4 (4) of the Act, and is payable for the life of the retired member or until the end of the period for which the pension instalment under paragraph 1 of subsection (1) is guaranteed, whichever is longer.  O. Reg. 287/11, s. 39 (3). (4) If, at the payment date that falls on or immediately after the date on which the retired member’s pension is divided under subsection 67.4 (4) of the Act, the temporary period over which the retired member’s bridging benefits are payable has not expired, the eligible spouse’s share of the retired member’s bridging benefits, as determined in paragraph 12 of subsection (1), is payable as of that payment date, until the expiry of the bridging benefits or the death of the retired member, whichever is earlier.  O. Reg. 287/11, s. 39 (4). (5) If, at the payment date that falls on or immediately after the date on which the retired member’s pension is divided under subsection 67.4 (4) of the Act, the temporary period over which the retired member’s bridging benefits are payable has not expired, the retired member’s revalued bridging benefits, as determined in paragraph 13 of subsection (1), are payable as of that payment date until the expiry of the bridging benefits or the death of the retired member, whichever is earlier.  O. Reg. 287/11, s. 39 (5).