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Home > Pension Plan > Divorce and QDRO's
DIVORCE AND QUALIFIED DOMESTIC RELATIONS ORDERS
In most states, a pension is considered marital property during divorce negotiations and proceedings.
Divorce Inquiries
When divorce negotiations are in progress, you or your attorney may want to find out the value of your
pension as of a certain date. We cannot give you a specific value because the Plan is not structured that way.
This Plan is a “defined benefit plan” which means pensions are based on a defined formula that takes into account
years of service and a rate established by the Board of Trustees. There is not an account maintained with your name
and a dollar balance.
We can provide a letter explaining how the Plan works, how much Credited Service you have earned at the time, and an
estimate of your benefit based on this Credited Service.
Qualified Domestic Relations Orders (QDRO’s)
In a divorce proceeding, the court may issue a “qualified domestic relations order.” We are required by law to recognize
and comply with QDRO’s.
A QDRO instructs us to pay all or part of your pension to your spouse, former spouse, child or dependent. The amount to be
paid is usually determined by a formula which provides that the spouse, for example, is entitled to a certain percentage of your
pension based on how many years of marriage included years that you were earning pension credit.
We have a form that attorneys may use when they draw up a QDRO. If our form is used, we can accept the QDRO as presented.
Use of our form is not a requirement but it allows for quicker and smoother processing of the QDRO.
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