Definitions for "Qualified Domestic Relations Order"
Related Terms:
Qdro, Alternate payee, Spousal consent, Vested rights, Deferred pensioner, Vested, Qualified, Pensioneer trustee, Protected rights, Spousal rrsp, Pension credit, Appropriate personal pension, Vesting, Designated beneficiary, Spousal ira, Pensions ombudsman, Transfer value, Preservation, Personal pension scheme, Personal pension plan, Ppp , Cpp, Personal pension, Occupational pension, Active participant, Canada pension plan, Executive pension plan, Serps, Qualified joint and survivor annuity, State earnings related pension scheme, Accrued benefit, Qpp, State earnings-related pension scheme, Pension, Pensions, Contribution, Surviving spouse, Employee retirement income security act of 1974, Pension scheme, Gpp , Pbgc, Pension benefit guaranty corporation, Defined contribution pension plan, Plan document, Furbs, Occupational pension scheme, Stakeholder pension, Pensioner, State pension, Defined benefit pension plan
This court order uses pension or retirement benefits to divide marital property or to provide alimony or child support. It is necessary during divorce to comply with federal law governing retirement pay.
An order, decree, judgment or administrative notice (including a settlement agreement) that establishes the rights of another person (the "alternate payee") to benefits; issued by a domestic relations court or other court of competent jurisdiction or through an administrative process established under state law.
A domestic relations order under IRC Section 414(p) that creates or recognizes an alternate payee’s right to all or a portion of a participant's qualified (401) plan benefits.
A court order that meets certain IRS requirements and that assigns all or a portion of a participant's qualified pension benefits to a spouse or ex-spouse to satisfy alimony and/or child support obligations.
In the United States, a decree or settlement in regard to alimony, child support, or marital property rights that assigns all or a portion of a plan participant's pension benefits to an alternate payee. The alternate payee is generally a spouse, former spouse, or a child or other dependent of the plan participant.----------[ Back
A court order, usually in a divorce case, that meets legal requirements for awarding some or all of a participant's pension benefits to the participant's spouse, former spouse, child, or other dependent.
An order, decree, or judgment, including approval of a settlement agreement issued by a court and approved by a pension plan, that provides for division of a pension plan to make an equitable property division or payment of child or spousal support.
A qualifying court order that requires the Plan to pay benefits to a participantâ€(tm)s former spouse, children, or other payee. The Northrop Grumman Domestic Relations Group administers QDROs under the Savings Plan. Representatives can be reached at 1-888-887-5078.
A court order that awards a percentage up to 50% of a participant's WRS account or annuity to a former spouse.
Pronounced "kwah-dro," an order issued by the court to divide retirement benefits.
A judgement, decree, or court order (including an approved property settlement agreement) issued under a domestic relations law that relates to the rights of someone other than a participant to receive benefits from a retirement plan or tax-deferred annuity, relates to payment of support, or specifies the amount or portion of the participant's benefits to be paid to the participant's spouse, former spouse, child or dependent.
A state court can allocate an interest in a qualified retirement plan to a former spouse through a qualified domestic relations order. Payments made to a former spouse as the result of a QDRO will not result in the taxpayer being assessed a penalty for early withdrawal from the plan; the former spouse will be taxed on the benefits when received, or the benefits can be rolled over tax free into an IRS or another qualified retirement plan.
A court order in which assets of a pension plan are approved for division in a dissolution property settlement or for child or spousal support.
A QDRO is a judgment decree or an order that creates or recognizes an alternate payee's right to receive a portion of a Participant's benefits under the Savings Plan.
A QDRO is a judgment or decree issued pursuant to State domestic relations or community property laws (usually as a result of a divorce) that meets certain standards and assigns all or a part of a Participant=s benefit in the Plan to an Alternate Payee.
In divorce proceedings, a QDRO is an order from the court (as opposed to order in the court) to the retirement plan administrator, which allows one spouse to receive benefits from the other spouse's company-sponsored retirement plan.
a domestic relations order that creates or recognizes the existence of an alternate payeeâ€(tm)s right, or assigns an alternate payee the right, to receive all or a portion of the benefits payable with respect to a participant under a qualified retirement plan. This is primarily encountered in a divorce proceeding.
A judgment, decree or order that creates or recognizes an alternate payee's (such as former spouse, child, etc.) right to receive all or a portion of a participant's retirement plan benefits.
A judgment, decree, or order that gives a pension plan participant access to retirement assets that must be used to pay an ex-spouse or dependent children.
A domestic relations order that creates or recognizes the existence of an alternate payee's right or assigns an alternate payee the right to receive all or a portion of the benefits payable with respect to a participant under a qualified retirement plan, and that complies with certain special requirements. Only a spouse, former spouse, or dependent can be the alternate payee.
At the time of divorce, this order would be issued by a state domestic relations court and would require that an employee's ERISA retirement plan accrued benefits be divided between the employee and the spouse.
A court order issued under state domestic relations law that relates to the payment of child support or alimony or to marital property rights. A QDRO creates or recognizes an alternate payee's right, or assigns to an alternate payee the right, to receive plan benefits payable to a participant. The alternate payee may be the participant's spouse, former spouse, or dependent.
An order or judgment from a state court directing the plan administrator to pay to your former spouse or dependent children all or a portion of your benefit under any of Stanford's retirement plans.
in divorce proceedings, a QDRO is an order from the court to the Retirement Investors' Club, that allows one spouse to receive funds from the other spouse's Deferred Compensation accounts
A court order that uses pension or retirement benefits to provide alimony or child support, or to divide marital property, at divorce.This special order is necessary to comply with federal law governing retirement pay.
A Qualified domestic relations order or QDRO is a legal order subsequent to a divorce that splits and changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. QDROs may grant ownership in the participant's (employee's) pension plan to an alternate payee, who must be a spouse, former spouse, child or other dependant of the participant. A QDRO may provide for marital or community property division between the participant and the alternate payee, or for the payment of alimony or child support to the alternate payee.