“The amount required to be paid under paragraph (3) above shall be paid by check or money order in a single lump sum distribution at the earliest of: (a) the date 10 years before the participant would have attained the normal retirement age under the plan; (b) the date the participant attains the earliest retirement age under the Plan; (c) 10 days after the death or total and permanent disability as defined in the plan of the participant; (d) the earliest date the participant may receive all or any portion of his accrued benefit attributable to employer contributions (such as separation from service, or termination of the plan).”
Divorce is the process of formally ending a marriage. Divorces may be jointly agreed upon, resolved by negotiation, or decided in court.
A Qualified Domestic Relations Order (QDRO) gives a share of a retirement plan to the payee’s spouse, ex-spouse, child, or other dependent.
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