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Newest Member: 4hazel (45322)

Divorce/Separation Post Reply     Print Topic    
User Topic: qdro
♀ Member
Member # 22033
Default  Posted: 9:32 PM, July 1st (Monday), 2013View ProfileEdit MessagePrivate MessageHomepage

I didn't realize how expensive the fees are.

BW (me) - 45
DS 14, DS 11
D-Day#1: Oct 30, 2008
D-Day#2: June 3, 2011 (same MOW) Separation: June 3, 2011
Divorce finalized: Feb 2012 (due to 6 month waiting period).

Posts: 3250 | Registered: Dec 2008
♀ Member
Member # 23890
Default  Posted: 12:30 AM, July 2nd (Tuesday), 2013View ProfileEdit MessagePrivate MessageHomepage

I talked to someone in hr at my work, which is the same state retirement (we both work for schools). It's not a plan that I will get a lump sum. When ex retires I will get a share of his payment and I will get a 1099.

That's the way it works where I am for state workers (LEO) Contributions are mandatory and you don't pay SS.

And if he can't withdraw it you can't withdraw it. You have only the same rights and privileges that the plan offers its members.

btw in my state (and I think it is the only state left not on par with the rest of the nation) it isn't a qdro - it is a DRO. This creates a few loopholes in my situation.

We paid @ 1400 for two DRO's. One simple - one quite complex due to the Un-retiring mid-D. Otherwise it would have run about 700.00 total.

"We must be willing to get rid of the life we've planned, so as to have the life that is waiting for us." Joseph Campbell...So, If fear was not a factor - what would you do?

Posts: 4129 | Registered: May 2009 | From: New England
Topic Posts: 22
Pages: 1 · 2

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