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In a Massachusetts divorce, the court deems all assets acquired during marriage as marital property, including your retirement accounts.
In California, all types of retirement benefits are considered community property, which allows CalPERS benefits to be divided upon a dissolution of marriage or registered domestic partnership or legal separation.
In India wife is entitled to pension of husband from government job only if the family pension option was available and opted by the government employee husband . The name of wife added in the official record for the purpose of family pension. Consult your attorney and review the provisions in the divorce decree.
In most cases, the money in a retirement account is treated as marital property in a divorce. If a spouse had money in his or her 401(k) or a similar tax-deferred savings program when the couple married, those funds would be considered separate property. This means they would not be included in the division of assets.
A typical strategy would be to look at the value of the account on the date of marriage, subtract that from the value at the date of divorce, and divide by two. That's how much the spouse gets as part of the overall settlement agreement. Some employers still offer traditional pensions, known as defined benefit plans.