Qualified Domestic Relations Order Form Georgia
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FAQ
A QDRO is a court order that allows a couple to decide which spouse gets what percentage of the other's retirement and pension funds and when. It also gives the receiving spouse their share of the asset without distributing the money immediately and triggering tax penalties.
The ?earliest retirement age? for a QDRO under this plan is the earlier of: ? When the participant actually terminates employment or reaches age 59½ , or ? The later of the date the participant reaches age 50 or the date the participant could receive the account balance if the participant terminated employment.
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.
A QDRO is a domestic relations order that recognizes the right of another person (known as an alternate payee) to receive some or all of a participant's retirement plan. A court may issue a qualified domestic relations order as part of a divorce or a probate proceeding after the plan participant's death.
