As a general rule, pensions are marital property. You have a right to the share of your spouse’s pension even if you have been divorced décades before your spouse retires. Like real estate, stocks, and cash, pensions will be divided up between the two people after a divorce.
HERE ARE 5 THINGS YOU SHOULD KNOW ABOUT DIVORCE AND QDRO’s
The acronym stands for Qualified Domestic Relations Order. According to the Employee Retirement Income Security Act of 1974 (ERISA) a Qualified Domestic Relations Order (QDRO) is a judgment, decree or order that creates or recognizes the existence of an alternate payee’s right to receive all or a portion of a plan participant’s benefits under an […]