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Divorce

Retirement and Divorce: Additional Resources

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We hope you've found our series of blog entries on divorce and retirement assets to be informative. In today's final blog entry we have listed several additional resources that provide additional information on divorce and retirement assets.

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Don’t take a pension for granted

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Often divorcing couples will opt to divide their marital property by giving one spouse the home and the other spouse the pension.  This easy way of dividing marital property may leave one spouse at a disadvantage that isn't recognized until retirement. 

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Don't delay: Submit court orders to the plan right away!

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In order to receive retirement benefits that have been awarded in a divorce, it is important to obtain a court order, which tells retirement plans how to divide and pay benefits to the divorced couple. For private retirement plans, these court orders are called Qualified Domestic Relations Orders or QDROs. Other retirement systems call them Domestic Relations Orders or DROs. 

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A pension earned during a marriage is usually the property of both spouses

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Did you know that, in general, retirement assets earned during a marriage are marital property in the same way that a house and a savings account are? 

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Getting divorced? Don't forget the pension!

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What better time than the week after Valentine's Day to devote a week's worth of blog entries to divorce?  This is the first in a series of blog entries focusing on issues involving divorce and retirement. Enjoy!

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Military retirement for the 21st century

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A few months ago we posted a blog entry about a letter [PDF] we wrote opposing a bill in the Oklahoma state legislature that would limit the ability of former spouses to receive an award of military retirement pay in a divorce settlement. The blog entry received a number of comments - several disagreeing with our position. More...

Military pensions and divorce: How a bill pending in Oklahoma could affect military pensions everywhere

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Earlier this month, the Pension Rights Center, along with the National Women's Law Center, sent a letter to the Oklahoma state legislature urging it to defeat a bill that could dramatically alter the way the state's divorce courts treat military pensions.  More...

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