Buzzlightyear Posted December 9, 2019 Posted December 9, 2019 After 3 years of chasing the Participant (ex-husband) to sign the QDRO the draft was signed and submitted to Calpers on 05/04/2002. They approved it and the final was sent back to the administrator signed on 4/24/2003. The Order reads that all contributions from 6/15/1991 ( Date of Marriage) to 11/09/1997 (date of Separation) added to his 457 Deferred Compensation Plan be divided by 50% adjusted to reflect the investment earnings or losses on such share from 11/09/1997 to date of transfer of alternate payee's share to a separate account. After about 4 months a letter was received from ICMA-RC (He changed jobs before the QDRO was completed) stating "ICMA-RC received a domestic relations order and we are not able to act upon the order as its valued the assets for a date prior to ICMA-RC receiving the funds. (Assets rolled to ICMA-RC from a prior administrator on 11/30/1998). I was told that the funds would be put aside and I would get any and all profits that my portion would bring. So I left it there due to the fact I did not want to deal with rolling it into another account and the funds were not needed. Now after 16 years I want to transfer my portion to an IRA what will I have to do? Just because he rolled it into a new Plan with ICMA-RC with a job transfer will I lose my portion? Is there anything I can do without paying an attorney all over again. Thank you
fmsinc Posted December 9, 2019 Posted December 9, 2019 You are still entitled to your share, since there seems to be a new employer and a new plan, you may need a new QDRO. You delay of over 20 years is the source of your problems. I cannot imagine why the Plan did not make an immediate rollover to you in 2003 when they received the Order. Here is a link to you rights as a former spouse under CalPers. https://www.calpers.ca.gov/docs/forms-publications/community-property.pdf I doubt that anyone will be able to determine gains and losses and investment experience from 11/9/97 to date. DSG Buzzlightyear 1
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