A court order based on the division of a party’s pension or retirement benefits as part of a divorce. The QDRO orders the administrator of the pension plan to distribute a specified share of benefits to the nonemployee spouse at the time that the employee spouse begins receiving benefits. This special order is necessary to comply with federal law governing retirement pay.
A “qualified domestic relation order” (QDRO) is a domestic relations order that creates or recognizes the existence of an alternate payee’s right to receive, or assigns to an alternate payee the right to receive, all or a portion of the benefits payable with respect to a participant under a retirement plan, and that includes certain information and meets certain other requirements.
Morinelli & Lieberman can help navigate the minefield of divorce with expert advice on critical issues and tax and income advantages or disadvantages.
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