Which of the following is NOT one of the methods to divide a pension?

The immediate cash payment method is not typically recognized as a standard method for dividing a pension in divorce proceedings. In pension division, the aim is to ensure that both parties receive an equitable share of retirement benefits accrued during the marriage.

The deferred division method allows for a portion of the pension benefits to be paid out at the time the pension holder begins to draw benefits, effectively deferring the distribution until retirement age. The present value method calculates the current value of the pension benefit, which can be transferred or converted into a cash award for the non-employee spouse at the time of divorce. The reserved jurisdiction method allows the court to maintain ongoing authority over the division of the pension, deferring the specifics until a later date, generally when the benefits are due to be distributed.

The immediate cash payment method, however, suggests a lump-sum payment that is not aligned with how pension assets are generally divided. Since pensions are future benefits, immediate cash settlements are not commonly applicable in their division unless specifically addressed and agreed upon in the divorce settlement. This method illustrates a misunderstanding of how pensions are treated in the context of divorce settlements.