Subscribe Now!
Free Daily News, Jobs, Webcasts, Discussions
Display and Distribute
Your Job Openings
COVID-19 News
COVID-19 Webcasts

Featured Jobs

Qualified Plan Administrator

Clark Schaefer Hackett
(Cincinnati OH / Miamisburg OH / Columbus OH)

Clark Schaefer Hackett logo

Pension Administrator

KB Pension Services
(Telecommute / Bradenton FL)

KB Pension Services logo

Actuarial Consultant

Definiti-LLC
(Telecommute / University Place WA / The Woodlands TX / Erie PA / Dallas TX)

Definiti-LLC logo

Commissioner, Tax Exempt and Government Entities Division

Internal Revenue Service [IRS]
(Telecommute / Washington DC)

Internal Revenue Service [IRS] logo

Retirement Plan Consultant

Definiti
(Telecommute / Dallas TX / University Place WA / The Woodlands TX)

Definiti logo

Free Daily News and Jobs

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



Delay in Providing QDRO to Plan Causes Ex-Spouse to Lose Survivor Benefits Awarded Under Divorce Decree
Leonard, Street and Deinard Link to more items from this source
Apr. 30, 2013
"The divorce decree provided that Patricia, [Gary's] former spouse [of almost 30 years at their divorce in 1993], would be ... named as the survivor beneficiary if Gary elected a pension with a survivor benefit.... Gary remarried ... [and] made a pension benefit election, choosing a joint and 50% survivor annuity in favor of Shelly, his new wife.... [In 2005, Patricia served an order on the plan.] Gary then died [later in 2005] ... The [Minnesota Supreme Court] concluded that Shelly's right to the survivor benefit vested when Gary retired and elected a survivor benefit in her favor. Because Patricia did not provide the domestic relations order to the plan until after Gary had elected his form of retirement benefit, it was too late for Patricia to claim her share of Gary's pension, at least from the portion otherwise payable to Shelly (which after Gary's death, was the only benefit being paid)."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2020 BenefitsLink.com, Inc.