As a former spouse of a police officer and an alternate payee will I be considered a member in the Police Pension Fund?
No, the former spouse of the participant will NOT be considered a participant of the Police Pension Fund. This is because the Police Pension Fund is a common fund, with no participant having a separate account. A pension is a legal relationship created by statue between the Fund and the participant. There is no such legal relationship between the Fund and the alternate payee. Since the alternate payee is not considered a participant of the Police Pension Fund, they are in no position to elect a retirement option or designate a beneficiary.
Related Questions
- If an Alternate Payee is awarded part of the pension, but not the Qualified Preretirement Survivor Annuity, what happens if the Participant dies prior to retirement?
- As a former spouse of a police officer and an alternate payee will I be considered a member in the Police Pension Fund?
- Why is a police officers pension considered marital property?
