A “QDRO” refers to the court order needed to divide retirement benefits in divorce. The actual order may be a Qualified Domestic Relations Order for private plans or Domestic Relations Order for public plans. A QDRO can also be used to collect alimony or child support.
While there is no statute of limitations on when a QDRO can be filed, if the QDRO is NOT done before the participant’s death or retirement, then the non-participant spouse may not receive any funds from the retirement plan.
You must do a separate QDRO for each plan. Each retirement plan is governed by different rules depending on the plan type (i.e. 401(k), Pension Plan, 403(b)). Each QDRO must be tailored to the requirements of each plan. There is no “one size fits all” QDRO.
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