What requirements must be met for a domestic relations order to be qualified?
When a plan receives a domestic relations order purporting to divide pension benefits, it must first determine whether the order is a qualified domestic relations order (QDRO). The order must relate to child support, alimony, or marital property rights and be made under state domestic relations law. To be qualified, the order should clearly specify your name and last known mailing address and the name and last address of each alternate payee. It also must state the name of your plan; the amount or percentage – or the method of determining the amount or percentage – of the benefit to be paid to the alternate payee; and the number of payments or time period to which the order applies. The order cannot provide a type or form of benefit not otherwise provided under the plan and cannot require the plan to provide an actuarially increased benefit. And if an earlier QDRO applies to your benefit, the earlier QDRO takes precedence over a later one.
When a plan receives a domestic relations order purporting to divide pension benefits, it must first determine whether the order is a qualified domestic relations order (QDRO.) The order must relate to child support, alimony, or marital property rights and be made under state domestic relations law. To be qualified, the order should clearly specify your name and last known mailing address and the name and last known address of each alternate payee. It also must state the name of your plan; the amount or percentage-or the method of determining the amount or percentage-of the benefit to be paid to the alternate payee; and the number of payments or time period to which the order applies. The order cannot provide a type or form of benefit not otherwise provided under the plan and cannot require the plan to provide an actuarially increased benefit. And if an earlier QDRO applies to your benefit, the earlier QDRO takes precedence over a later one. In certain situations, a QDRO may provide th
When a plan receives a domestic relations order purporting to divide pension benefits, it must first determine whether the order is a qualified domestic relations order (QDRO). The order must relate to child support, alimony, or marital property rights and be made under state domestic relations law. To be qualified, the order should clearly specify your name and last known mailing address and the name and last address of each alternate payee. It also must state the name of your plan; the amount or percentage – or the method of determining the amount or percentage – of the benefit to be paid to the alternate payee; and the number of payments or time period to which the order applies. The order cannot provide a type or form of benefit not otherwise provided under the plan and cannot require the plan to provide an actuarially increased benefit. And if an earlier QDRO applies to your benefit, the earlier QDRO takes precedence over a later one. In certain situations, a QDRO may provide that
When a plan receives a domestic relations order purporting to divide pension benefits, it must first determine whether the order is a qualified domestic relations order (QDRO). The order must relate to child support, alimony, or marital property rights and be made under state domestic relations law. To be qualified, the order should clearly specify your name and last known mailing address and the name and last address of each alternate payee. It also must state the name of your plan; the amount or percentage – or the method of determining the amount or percentage – of the benefit to be paid to the alternate payee; and the number of payments or time period to which the order applies. The order cannot provide a type or form of benefit not otherwise provided under the plan and cannot require the plan to provide an actuarially increased benefit. And if an earlier QDRO applies to your benefit, the earlier QDRO takes precedence over a later one. In certain situations, a QDRO may provide that
