Pension Plan - Single Life Annuity (Divorced)

Jun 30, 2008 3 Replies
R

I have a traditional (Defined Benefit) pension plan. As I am divorced, my former spouse is entitled to her share through the date of separation.



My pension benefit will be a single life annuity, and I will have the option of receiving the monthly benefit starting at normal retirement for the plan, or at an earlier date.


  1. Does the commencement of the benefits for the former spouse coincide with the date that I elect, or is it a fixed date, such as my normal retirement age?


  1. If the former spouse predeceases the plan participant, does that affect the payments to the plan participant? Or does the former spouse's benefit merely cease and stay in the plan?



Thanks much.


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J

Was there any court ordered QDRO or anything like that at the time of the divorce? Her share through date of separation? I can understand the intent of that sentence but who, exactly, was tasked with doing the math? I think this can be handled one of a number of ways, but you should have paperwork that compels you to one specific method.

Joe

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C

Her share of what? The amount that was contributed? Certainly not a share of the Annuity Benfit, since it is as you state "a Single Life Annuity"

Single life Annuity GENERALLY means that payments will be made to the ANNUITANT as long as HE is alive.....

One would have to see BOTH the Contract and the Divorce Decree ! ! ! ! !

At this point one can not determine theose supposed Spouse Payments.

Cal Lester CLU

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E

Undoubtedly, the answers to these questions depend on the terms specified by your company. You need to contact your HR department for clarification.

Elizabeth Richardson

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