A retired firefighter with a $4,200 monthly pension built over 25 years discovers in divorce that his ex-spouse has a legal claim to a portion of that income — not half, but a calculated fraction based on how many of those years overlapped with the marriage. That fraction, the method...
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What Is a QDRO and Why Do You Need One in Divorce
A divorce decree that awards retirement benefits to a spouse means nothing to the plan administrator holding the account. Federal law — specifically 29 U.S.C. § 1056(d)(1) — prohibits pension and retirement plans from assigning benefits to anyone other than the participant unless a separate court order meets specific federal...
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