The short answer is “it depends.” A domestic partner dissolution may divide a state public plan with a domestic relations order. However, a private employer plan which includes any union plans and any federal plans (e.g., federal employees or military) will not accept or implement a QDRO. Bottom line: For domestic partnerships, direct payments to […]
If a QDRO is not done before a participant’s death or retirement and the parties are divorced, then the nonmember ex-spouse (alternate payee) may not receive any funds. This is why it is so important to not delay getting your QDRO! The good news is that it’s not too late to get a QDRO. There […]
Do I need a QDRO if the entire retirement benefit is awarded to the participant or the nonmember spouse?
The only reason to get a QDRO is if any share of retirement benefits (including any survivor benefits) are being assigned to a nonmember ex-spouse (alternate payee). So if the alternate payee is awarded 100% of the participant’s retirement account, you still need a QDRO and the award should be 100% of the retirement account. […]
Step 1: Gather basic information about your retirement plans. Create a list of all retirement accounts that you and your ex-spouse have? If you aren’t sure, create a list of all employers where you and your ex-spouse worked during your marriage. If you don’t know, or aren’t sure you have the complete picture, QDROCounsel can […]