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M0rpheus

(885 posts)
11. It sounds like you're talking about a pension.
Tue Feb 26, 2013, 10:18 PM
Feb 2013

Normally with the QDRO the funds are segregated as of the date of the order taking effect.
However, dependent on the plan, what you receive is still tied to the employee's service with the company.

For pensions, there is a calculation that determines the amount based on several factors (service time and other stuff).
The amount you were originally quoted, was likely assuming his normal retirement age or a specified retirement date. Taking into account employer contributions and interest up to his retirement date. Since he retired early, you're missing that 5 years of contributions and interest.

I hate to say it, but if all the rules were followed by the benefits administrator, his retiring early is the biggest factor in your receiving less than you expected.

The only advice I'd be able to give you is to request information on the actual calculation. The administrator should be able to provide it to you, though it may take several attempts.

I'm simplifying it a good deal, as most of this depends on the rules of the plan, and each plan can be substantially different even for people in the same company.

I don't deal with this regularly any longer (I quit that life-sucking job after 7 years), but I'll offer what help I can.

Is there a lawyer in the house? QDRO [View all] babylonsister Feb 2013 OP
there is an unfortunate mix of state and federal law, ergo, ChairmanAgnostic Feb 2013 #1
My former atty lives in another state (I moved), and this was babylonsister Feb 2013 #4
DO contact the attorney, elleng Feb 2013 #8
Writing to the judge is a waste of time treestar Feb 2013 #25
they will read them, but toss them away. ChairmanAgnostic Feb 2013 #43
The idea of writing to a judge treestar Feb 2013 #49
Sorry, b'sis, I'm not familiar with QDRO. elleng Feb 2013 #2
Thanks, my friend! Need to talk to babylonsister Feb 2013 #6
Yup. elleng Feb 2013 #7
I never heard of this. Is it for a divorce settlement? Just wondering. southernyankeebelle Feb 2013 #3
Yes-retirement benefits. nt babylonsister Feb 2013 #5
I have a friend whose husband was about 17 yrs older than his wife. She was a good southernyankeebelle Feb 2013 #9
The law in effect for many years requires the wife to sign off marybourg Feb 2013 #54
He has been dead about 5 yrs now. She is retired herself now and is as happy as a southernyankeebelle Feb 2013 #55
"All's well that end's well" marybourg Feb 2013 #56
Date of divorce may predetermine leftstreet Feb 2013 #10
Really? babylonsister Feb 2013 #12
That sucks leftstreet Feb 2013 #13
It sounds like you're talking about a pension. M0rpheus Feb 2013 #11
Thanks-I was afraid of that. babylonsister Feb 2013 #14
I'm sorry to be the downer here. :( M0rpheus Feb 2013 #18
I hear you. babylonsister Feb 2013 #19
Essentially... M0rpheus Feb 2013 #27
Very importantl to learn how 'proportionate share' is determined, elleng Feb 2013 #28
Warning. I know too late. But accepting what the spouse says in a divorce? Sorry LiberalFighter Feb 2013 #39
I have seen this kind of thing in divorces where defined benefit pensions are being split ProgressiveProfessor Feb 2013 #15
I was supposed to get a percentage babylonsister Feb 2013 #16
That is the Shared Benefit approach which is the most common ProgressiveProfessor Feb 2013 #20
Back in the day OldHippieChick Feb 2013 #17
The QDRO TomClash Feb 2013 #21
The same amt is babylonsister Feb 2013 #24
Might I ask who the administrator is? M0rpheus Feb 2013 #29
It's a babylonsister Feb 2013 #33
I was thinking TomClash Feb 2013 #32
Probably in the QDRO treestar Feb 2013 #22
My lawyer insisted on it; she was a divorce atty. babylonsister Feb 2013 #23
Sounds like you need to know treestar Feb 2013 #26
I agree with treestar and another poster upthread.. llmart Feb 2013 #30
Ah. babylonsister Feb 2013 #34
Sounds like the "Silver Bird" HR group BlueCollar Feb 2013 #36
The possible bright side treestar Feb 2013 #38
Nope. I was told I HAVE to take the lower amount, and babylonsister Feb 2013 #48
How will it add up? treestar Feb 2013 #50
I'm now babylonsister Feb 2013 #51
So wouldn't babylonsister collect on the severance pay and lump sum too LiberalFighter Feb 2013 #41
Was he offered an early retirement? LiberalFighter Feb 2013 #40
He was eligible to retire b/c he had babylonsister Feb 2013 #47
QDRO - changes to pensions - watch out! OutNow Feb 2013 #31
I had a QDRO issue, too. Blue_In_AK Feb 2013 #35
PM sent...n/t BlueCollar Feb 2013 #37
Thanks so much! Wading through that. babylonsister Feb 2013 #45
Does the QDRO specify an amount? Or a percentage? Also, did he get a payout msanthrope Feb 2013 #42
Yes. QDRO and divorce decree have babylonsister Feb 2013 #44
Is the monthly benefit less than than amount? on edit--- msanthrope Feb 2013 #46
so you're getting some pension for work your husband did? Skittles Feb 2013 #52
Wow. You just discounted babylonsister Feb 2013 #57
so sorry about your discount Skittles Feb 2013 #59
Think of it this way: How much would both of you together get if you were still married, Xipe Totec Feb 2013 #53
If it's no different, babylonsister Feb 2013 #58
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