Qualified Domestic Relations Orders (QRDO) in California – An Overview
A Qualified Domestic Relations Order (QDRO) is a court order issued as part of a divorce proceeding primarily to divide retirement or pension benefits between former spouses. It gives the alternate payee the right to receive all or a portion of the participant’s benefits payable under a pension plan, 401(k) plan or other qualified retirement plan
In California, retirement benefits earned from the date of marriage to the date of separation are considered community property and are subject to division between spouses upon divorce. This includes contributions made to retirement plans during the marriage, as well as any gains or losses.
The […]