Pixiefish, I wear the B&L multifocals like BouyantC does.
I've found that they stay on my eyes in salt water just fine. But if I open my eyes in fresh water, I'll lose them. What happens there is these lenses are called something like hydrophylic (sp?). They absorb water. If you've ever soaked one of your lenses in tap water, you probably noticed that the lens absorbed the fresh water, causing the lens to swell up almost twice its size. They'll definately float away in fresh water.
If you have to doff and donn your mask in a freshwater pool during your class, you'll want to close your eyes while you do so. Or just don't wear them during the pool dives.