545 So.2d 428 (Fla.App. 2 Dist. 1989), 88-02504, Trant v. Trant
|Citation:||545 So.2d 428, 14 Fla. L. Weekly 1468|
|Opinion Judge:||Author: Patterson|
|Party Name:||Richard TRANT, Appellant, v. Janice TRANT, Appellee.|
|Attorney:||G. Craig Soria, Sarasota, for appellant.|
|Case Date:||June 14, 1989|
|Court:||Florida Court of Appeals, Second District|
G. Craig Soria, Sarasota, for appellant.
Charles J. Cheves of Cheves & Rapkin, Venice, for appellee.
This is an appeal from an amended final judgment of dissolution of marriage entered after remand in Trant v. Trant, 522 So.2d 72 (Fla. 2d DCA 1988) (Trant I). We reverse.
At the time of the original final judgment, April 1, 1987, the parties had been married 22.4 years. During the entire marriage the husband was employed with the Florida Highway Patrol and is a vested member of the State of Florida Retirement System. As part of the final judgment, the trial court awarded the wife a forty-five percent (45%) interest in the husband's pension. In Trant I, we said:
We affirm the final judgment. However, we find that the wife is not entitled to the increased value of the pension fund after the date of dissolution. Diffenderfer v. Diffenderfer, 491 So.2d 265 (Fla.1986) and Howerton v. Howerton, 491 So.2d 614 (Fla. 5th DCA 1986). It is unclear from the judgment whether the forty-five (45%) percent is to be calculated at the time the benefits are paid rather than based on present value. We therefore remand this cause for valuation of the pension plan and the entry of an amended final judgment reflecting the wife's monetary entitlement as of the date the judgment was entered.
522 So.2d at 73. By "monetary entitlement" we meant a specific fixed dollar amount.
Neither party offered further testimony or evidence at the hearing following remand. Confronted with these circumstances the trial judge entered an amended final judgment setting forth the method by which he arrived at the forty-five percent (45%) award and reaffirming his prior award of the wife's interest in the pension. He made no determination of a specific monetary value of the wife's interest.
Our mandate required the lower court to determine the present money value of the wife's pension interest. In fairness to the trial judge, he was afforded little assistance by the parties in this regard. We know of no Florida decision which details
the procedures used in determining present money value. We, therefore, look to other jurisdictions.
Two principal methods have evolved...
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