Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

The Court signed the DRO, now what?

Court dro signed
0
Posted

The Court signed the DRO, now what?

0

When a DRO has been signed by a court, a certified copy of the DRO should be promptly sent to the Fund’s Legal Department. The Fund is under no legal obligation to take any action directed by a DRO unless and until a certified copy of a court-signed DRO has been filed with the Fund and approved by the Fund’s Legal Department. If the Legal Department determines that it can be honored by the Fund, it will be placed in the member’s file for immediate implementation at the time of retirement or death or will be transmitted to the appropriate departments within the Fund for implementation if the member has already retired. If a certified copy of a DRO is not filed with the Fund, the Fund must pay benefits as otherwise required by law and the rules governing the Fund. Thus, a failure to file a DRO on a timely basis may cause the alternate payee to lose benefits to which s/he may be entitled under the DRO.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123