My wife and me are both retired military, how would our pensions work in a divorce? Mine is the higher pension. We were married for 17 years of her 20 years of service and 19 years of my 22 years of service. Would she get 1/2 mine and I get 1/2 hers? I know there may be extra factors to consider. She does have a job, I do not, all I have is my pension and that is what I am living off of. We have been seperated for the past 2 years of our marriage. We have been married for 19 years, 3 months. I am willing to let her have the house we own together as well, it is still being paid for by her though.
Divorce is the process of formally ending a marriage. Divorces may be jointly agreed upon, resolved by negotiation, or decided in court.
If one spouse in a divorce has a retirement plan, it may be split between the parties. How the plan is split depends on its type and value.
by attorney Graham Norris
A Qualified Domestic Relations Order (QDRO) is a special court order that is used to instruct a plan administrator to pay funds to an ex-spouse,... more