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QDRO’s for IBM

There are a few non-traditional aspects with regard to drafting an IBM Retirement Plan QDRO. Most IBM employees participate in both the IBM Retirement Plan, a defined benefit plan, and the IBM Tax-Deferred Savings Plan (TDSP), a defined contribution plan. Each plan requires a separate QDRO. However, the IBM Retirement Plan has three (3) components […]

Divorce, QDRO’s, & Suggested Marital Settlement Agreement Language

In divorce, pensions as marital assets can be undeniably the most controversial issue, second only to child custody or maintenance. With pensions typically being the largest asset of the marital estate, the importance of marital settlement language as it relates to pensions cannot be overemphasized. For instance, we have found that in the majority of […]

Dividing Benefits with the Civil Service Retirement System

Can it be equitably divided by a Court Order? Not without some safeguards and an extremely good working knowledge of the plan. We are very persistent in telling you that discovery, analysis and evaluation of benefit options should be thoroughly completed before the negotiation and/or drafting of a Court Order commences. This cannot be overemphasized […]

A Pension Valuation in Payout Status!

Every so often you have a divorce situation where the client is a current recipient of a monthly pension income or annuity stream. Valuing a pension in pay-out status incorrectly can be very hazardous to your participant-client’s financial health. It requires a complete understanding of annuity pay-out options. At the time benefits commenced, the participant […]

Valuing & Dividing Wisconsin Retirement System Benefits

Virtually any attorney who is familiar with this plan realizes the complexities of trying to determine a lump-sum present value when offsetting marital assets in a divorce. With approximately one-half million members in the Wisconsin Retirement System, and nearly 38 billion dollars in invested assets, attorneys practicing family law, or those attorneys dabbling in divorce, […]

Valuing Pensions for Divorce

A separation or divorce often involves a significant change in the economic future of your client. Often the parties to a divorce are participants in pension plans that provide retirement benefits either in a lump-sum form upon retirement or a monthly benefit. Attorneys are often faced with the prospects of having the value of the […]

Government Pensions & Social Security – A Valuation Approach For Property Offset

The complexity of the Social Security system has made it difficult for individuals, attorneys, and the courts to properly offset government pension plans involving participants who do not contribute to Social Security. The problem lies in the fact that Social Security is not a divisible asset under the law, thus it is not counted as […]

Fundamentals of Qualified Domestic Relations Orders

The division of pension benefits by way of Qualified Domestic Relations Order or QDRO is growing in popularity when it comes to divorce, and is nearly commonplace when 1) the lump-sum present value is too large to adequately offset the value of the pension against other assets of the marriage, or 2) when the parties […]

Federal Pensions in Divorce – Value for Offset or Divide?

The family law attorney confronted with a federal pension, within the context of divorce, should pay careful attention to the difference, not only between the two primary federal pensions, but to the differences between the federal pensions and traditional “non-governmental” pension plans as well. The two plans discussed here are the Federal Employees Retirement System […]

Confronted With a Plan that Cannot be Divided by a QDRO? Here’s a Possible Solution

Often the Courts, the Attorneys, and/or the parties to a divorce are dumbfounded when it is assumed, and written into the Settlement Agreement, that a plan is to be divided by a QDRO when, in fact, it cannot be. This often occurs with Municipal Plans not covered under the state retirement systems, such is the […]

Dividing Military Retirement Benefits in Divorce

While valuing pensions benefits, specifically those that only pay a monthly retirement benefit, is common, and whereby the value is offset by other marital assets so that the pension holder can retain their pension, often this is not practical and the pension must be divided by a court order. A court order instructing the retirement […]

Valuing & Dividing 457, 401(k)s, ESOPs, and Profit Shaing Plans for Divorce

When considering 457 Deferred Compensation plans and others as marital assets in divorce, the attorney should be aware of a few issues relating to the distribution of funds. First and foremost, however, 457 Deferred Comp plans are the governments version of the private sector’s 401(k). It is a defined contribution plan wherein the value is […]

A Powerful Tool in Child Support Enforcement

(alternatively, “QDROs – A Powerful Tool in Divorce”) Getting Your Fair Share of Child Support Tim Voit, Voit Econometrics Group, Inc. Retirement plans are considered marital assets, but even well seasoned attorneys are unaware that retirement plans can be tapped into to pay child support or child support arrearages. Seeking advice from several attorneys, few […]

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QDRO’s for IBM

Divorce, QDRO’s, & Suggested Marital Settlement Agreement Language

Dividing Benefits with the Civil Service Retirement System

A Pension Valuation in Payout Status!

Valuing & Dividing Wisconsin Retirement System Benefits

Valuing Pensions for Divorce

Government Pensions & Social Security – A Valuation Approach For Property Offset

Fundamentals of Qualified Domestic Relations Orders

Federal Pensions in Divorce – Value for Offset or Divide?

Confronted With a Plan that Cannot be Divided by a QDRO? Here’s a Possible Solution

Dividing Military Retirement Benefits in Divorce

Valuing & Dividing 457, 401(k)s, ESOPs, and Profit Shaing Plans for Divorce

A Powerful Tool in Child Support Enforcement

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