New Jersey Sample Letter to Pension Plan Administrator regarding Division of Plan Proceeds per Court Order
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How to fill out Sample Letter To Pension Plan Administrator Regarding Division Of Plan Proceeds Per Court Order?
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FAQ
Check your defined benefit (final salary) pensions If you belong to one, your pension provider will usually send you an annual benefit statement. If you don't receive a statement, you can ask for one. The statement shows how much pension you might get. It might assume that you take your tax-free cash lump sum.
QDRO/DRO ?Qualified Domestic Relations Order (QDRO) or Domestic Relations Order (DRO). If the pension/retirement plan is going to be split between the parties, a special order must be prepared to divide the plan?either a QDRO or a DRO.
Contact Information Mailing Address P.O. Box 295. Trenton, NJ 08625-0295. Call Center. 609-292-7524. a.m. ? p.m. Monday through Friday (except State holidays). ... Email. Send your Questions by email. ... Live Chat. a.m. ? p.m. Monday through Friday (except State holidays).
TELEPHONE NUMBERS Office of Client Services (609) 292-7524 General information from a pension counselor. Counselors are available Monday through Friday (except State holi- days) from a.m. to p.m.
All withdrawal requests must be submitted using the Application for Withdrawal program of the Member Benefits Online System (MBOS). To log on, go to our website at: .nj.gov/treasury/pensions Your selection is irrevocable once you have submitted your application.
Log On to myNewJersey and access to your MBOS Home Page Go to the Division of Pensions and Benefits Web site at: .state.nj.us/treasury/pensions 2. On the Pensions and Benefits home page click the link ?Log on to MBOS or EPIC?.
Pensions are defined-benefit plans. In contrast to defined-contribution plans, the employer, not the employee, is responsible for all of the planning and investment risk of a defined-benefit plan. Benefits can be distributed as fixed-monthly payments like an annuity or in one lump-sum payment.
A spouse or former spouse who receives QDRO benefits from a retirement plan reports the payments received as if he or she were a plan participant. The spouse or former spouse is allocated a share of the participant's cost (investment in the contract) equal to the cost times a fraction.
