P E N S I O N
Qualified Domestic Relations Order
Because your pension plan benefit is intended to provide security during your retirement years, benefits are not assignable to the claims of any creditor. The plan, however, provides that your benefits may be paid to a divorced spouse, child or other dependents under a Qualified Domestic Relations Order (QDRO).
A QDRO is any judgment, decree or order — including certain property settlement agreements — that provides child support, alimony and/or property rights to a spouse, former spouse, child or other dependent under state domestic relations law, including community property law. The order must also meet certain requirements of the Employee Retirement Income Security Act of 1974 (ERISA) and the Tax
Code.
You can obtain a copy of the procedures governing QDRO determinations from the plan administrator without charge. See the Important Information Section for contact information for the plan administrator.
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