QDRO

I believe that QDROs are permitted in cases involving formal separation agreements and not soley to divorce situations. Is my understanding correct?

Thank you,

TD



Yes.
See att’d:
>>>>>> >>>>>>>>>
Who can be an Alternate Payee?
A domestic relations order can be a QDRO only if it 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 part of a participant’s benefits. For purposes of the QDRO provisions, an alternate payee cannot be anyone other than a spouse, former spouse, child, or other dependent of a participant.

Reference: ERISA § 206(d)(3)(K), IRC § 414(p)(8)

>>>>> >>>>>>>>

Add new comment

Log in or register to post comments