PENSIONS AND RETIREMENTS

A Qualified Domestic Relations Order is a document, signed by a Judge, which allows a pension company to give a spouse a portion of the other spouses pension benefits following a divorce.

Under Federal Law, pensions and other retirement plans are a protected asset and cannot generally be given to anyone other than the person who is entitled to receive the pension from their employer. One exeception to this law allows one spouse to obtain a portion of the pension or retirement plan after a divorce, as part of a marital division of assets.

Either both parties in the divorce must agree to share the pension or a Court must decide that a pension is to be shared. Thereafter, a Qualified Domestic Relations Order (QUADRO) is drafted by an attorney. This order must comply with the conditions of the individual pension company or administrators.

Our firm has prepared many of these QDROs following a divorce. This Order allows our clients to obtain their marital share of their spouses' pensions with priate and public pension firms, including: New York State electric and Gas, IBM, Lockheed-Martin, New York State Teachers Pensions, Public Employee Pensions and others.

We will prepare all the documents, obtain the appropriate judicial signatures and guarantee that the pension company administering your pension, or that of your spouse, will acept and implement the Qualified Domestic Relations Order.

You will need to contact our office at: (607) 722-8272 to speak directly to an attorney. Or, to contact us by email, click: New York Divorce And Retirement: CONTACT US