Is it always necessary to elect post-retirement survivor benefits for an Alternate Payee?
No. Most plans will allow the use of a separate interest approach to dividing the benefits. Using this type of QDRO, the Alternate Payee’s share of the benefits are actuarially adjusted and therefore, payable for the lifetime of the Alternate Payee. In such a case, the death of the Participant after benefits have commenced will not affect payment to the Alternate Payee. 16. If I am the participant and I remarry, how will the QDRO affect my new spouse? If a separate interest approach is used in drafting your QDRO, you will be able to provide survivor benefits to your new spouse based upon the portion of the benefits that remained your property. Therefore, after your death, your spouse will still be able to receive a survivor benefit relative to the portion of your pension which was not awarded to your ex-spouse. If a shared interest approach is used to draft your QDRO, it is possible to jeopardize your new spouse’s survivor benefits. Therefore, by using the shared approach, you new spou
Related Questions
- How are interest and investment earnings/losses calculated on the alternate payees share of the benefits?
- Can a QDRO provide the alternate payee with a portion of the participants "future" benefits under the Plan ?
- Is it always necessary to elect post-retirement survivor benefits for an Alternate Payee?
