Pension, Divorce and Government or Public School Teachers Plans

These plans apply to employees of the state and local governments or public school teachers throughout the country:

Examples: Connecticut State Employees Retirement System, District of Columbia Police Officers & Fire fighters Retirement Plan, New Jersey Teachers Pension & Annuity Fund.

When a Domestic Relations Order is drafted, monthly benefits will commence to the Alternate Payee when the Participant retires, and continue for the lifetime of the Participant. Under some plans, the Alternate Payee may be designated as the beneficiary of a survivor annuity under a specific benefit option. The benefit option must be specified in the order, otherwise, typically all payments to the Alternate Payee cease upon the Participant's death.

Some Key Facts to Remember:

Some plans will only pay a benefit to an Alternate Payee for as long as the Participant is alive. This should be investigated with the plan.

If benefits are only payable for the lifetime of the Participant, a life insurance policy may be an appropriate tool to ensure that the Alternate Payee receives benefits for his/her lifetime.



Suggested Reading
Pension Issues in Divorce Pension Issues in Divorce
When couples get divorced they must decide how to divide their property. Retirement benefits (pensions) often form a substantial part of the parties' total marital estate and many times are the largest single marital asset afforded the couple. Similar to other assets, pensions are typically divisible in cases of divorce to the extent that they are acquired during the period of marriage.

Download Now


Recent Related Blog Posts
    All Retirement Account Blog Posts

Related Article Archives
Property & Debt Division
Property Valuations
Tax Aspects
    All Article Archives

Related Categories
Divorce, Dollars & Debt
Divorce Financial Planning
Taxes & Divorce
    All Categories
Related Forums
Financial Aspects
Pensions
Property & Debt
Tax Aspects
    All Forums

Resources & Tools

Bookstore Promotion Discount

Start Your Divorce Online Start Your Divorce
Several Options to Get Started Today.
Divorce Tools Online Divorce Tools
Keeping it Simple to Get the Job Done.
Divorce Downloads Download Center
Instantly Download Books, Guides & Forms.
Divorce and Custody Books Discount Books
Over 100 of the Best Divorce & Custody Books.
Negotiate Online Negotiate Online
Settle your Divorce and Save.
Custody and Support Tracking Custody Scheduling
Make Sure You Document Everything.
   
HOUSE OR PENSION -- Many women quickly grasp the idea of dividing the marital house, but the importance of the division of the pension may not seem present since its distribution may be several years away. The custodial mother of teenagers may grab at the marital home as a solution to a short-term problem but forget that down the road her share of her former husband's pension will be more important than owning a house.

Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
Enter Your Zip Code:

 

Online QDRO Preparation

Online QDRO Preparation
QdroDeskTM. provides family law attorneys, their clients, and pro se filers an instant, easy, accurate, and affordable way to prepare Qualified Domestic Relations Orders (QDROs), the appropriate settlement agreement language, and processing instructions. And does it all online, with an easy to use, question-and-answer format that has made QdroDeskTM. an industry leader.
 

Online Pension Valuations

Online Pension Valuations
PensionAppraisalDeskTM uses a mathematical, web-based calculation software that gives family law attorneys, their clients, and pro se filers an instant, easy, accurate appraisal of the present value of pension benefits for equitable distribution upon divorce.

View Property & Financial Resources in Our Online Bookstore

Guarantee Official PayPal Seal Facebook Twitter Versign Secure Site
Limited Offer Women's Rights Manual For Divorce
Cover Price: $55.95
Your Price: $29.95
You Save: $26.00

"The Absolute Best Investment in Your Divorce"

Men's Rights Manual For Divorce
Cover Price: $55.95
Your Price: $29.95
You Save: $26.00

"Uncover Your Options and Unleash Solutions"