Guest hstew Posted January 3, 2008 Posted January 3, 2008 We received a QDRO. The participant has an account balance of $33,100 with an outstanding loan balance of $11,400. The spouse is entitled to 50% according to the QDRO (excluding any loan accounts). How much is the spouse entitled to? $16,650 or $10,850??
david rigby Posted January 3, 2008 Posted January 3, 2008 If you cannot answer that question, you should probably consider rejecting the (draft?) DRO and asking the parties and/or court to clarify. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
QDROphile Posted January 3, 2008 Posted January 3, 2008 If you had either a decent order or decent written QDRO procedures, you would know. So maybe you have to reject the order because it fails to specify adequately the amount payble to the alternate payee.
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