Jump to content

Recommended Posts

My ex-husband took early retirement at 55 years of age back in Feb 2023. Since he is drawing from that pension how will I receive my payment? Will I get an actual monthly payment or a payment into a pension for when I retire?

Thank you

 

Link to comment
Share on other sites

You need to check your QDRO.  I assume we are talking about a defined benefit plan?  QDROs often contain language requiring the AP to commence payment when the participant commences their benefit.  I also suggest that you contact the Plan Administrator and ask them for your options.  

 

The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.

Link to comment
Share on other sites

As noted, a Qualified Domestic Relations Order is the vehicle for the plan to make a payment to an ex-spouse.  The creation of a QDRO grows out of the divorce proceeding; it does not happen on its own.  If you don't already have one, talk to your attorney.  Also, note that the "QDRO rules" may not apply (or be different) if the plan is sponsored by a governmental organization (e.g., state employees, police, fire, public school teachers, etc.)

 

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.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...