9/29/2006: Working with Offsetting Retirement Benefits in Divorces (Divorce, Pensions and Retirement Benefits)

Excerpt: If both the husband and the wife work in the private sector, and have a form of retirement savings benefits, dealing with two defined contribution plans is relatively easy. Whomever has the larger account balance owes 50% of the difference (assuming it is all marital) to the other partner. Distribution can be handled by offset against another marital asset or by use of a Qualified Domestic Relations Order[.]