Pension Valuation Methods and Divorce
PBGC Actuarial and Mortality Tables Appraisal
This approach is based upon information promulgated by the Pension Benefit Guaranty Corporation (PBGC), a U.S. Government Agency established by the Employee Retirement Income Security Act of 1974 (ERISA). PBGC administers insurance programs that guarantee the payment of retirement benefits to participants of private pension plans. Present Value is determined as follows:
GATT Actuarial and Mortality Tables Appraisal
This method utilizes the interest rate for 30-Year U.S. Treasury Bonds and Group Annuity Mortality Tables (Presently "GAM 83") to determine present value. The steps involved are as follows:
Life Expectancy Appraisal
This approach is based upon Life Expectancy and the application of Internal Revenue Service Regulation 1.72.9 Annuity Table 1 (Ordinary Life Annuities of One Life).
Resources & Tools
QDROs – The distribution of a pension normally requires a QDRO, which is a Qualified Domestic Relations Order that establishes the terms and conditions of payment to both the worker-spouse and his survivor or former spouse.
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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
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.
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