My Divorce Judgment addressed my CalPERS account, Do I need a QDRO?
Divorce Judgments typically will award a percentage or portion of a members CalPERS account, but usually do not include the required CalPERS language to divide the account. Most QDROs are processed and completed during the final phases, or after a divorce judgment has been entered.
CalPERS has 3 model QDROs to Divide an Account, Which one should I Use?
Currently CalPERS offers 3 Model QDROs to divide a member’s account. The requirements to use either one, as well as time frames and financial benefits will vary depending on which one you select. Everyone’s situation is different and one model that is best for one person may not be for another.
How Can I Freeze My Spouses CalPERS Account?
Freezing an account is officially referred to by CalPERS as placing a “Claim”. There are several methods to placing a claim on a CalPERS account and, if part of, or starting a family law case a “Joinder” is a common method used.
How Long Does the QDRO Process with CalPERS Take?
From start to finish the QDRO process with CalPERS can vary. Typically, the fastest a QDRO with CalPERS can be done is 31 days, this is because after a joinder in filed and served on CalPERS the court requires a 30 days wait period to move forward. Assuming the QDRO is approved by CalPERS and signed by the parties, it can be turned into the court on the 31st day. From there most courts take about 2-4 weeks to process and return the documents. 60 days would be a safe estimate for the quickest processing but depending on processing times of CalPERS and local courts it can go up from there.
Do I Need an Attorney to Process my CalPERS QDRO?
CalPERS has no requirements on who can complete a QDRO. As bonded and registered Legal Document Assistants, we are legally authorized to provide QDRO preparation directly to the public, and usually at a fraction of the cost of a traditional attorney service.
My Filed CalPERS QDRO has been Submitted to CalPERS, Am I Done?
Even though submitting a filed QDRO to CalPERS is usually the last step of the QDRO process, CalPERS will then begin the process to divide the accounts. Depending on the CalPERS model used and other factors, CalPERS will contact you as the complete the division. At this point there usually isn’t anything you need to do but follow the correspondence CalPERS sends you.
How Much Does a CalPERS QDRO Cost?
The cost of having a professional service to complete your CalPERS QDRO can vary. Online services can start at $400 all the way to your local family law attorney charging up to $2500+. The cheaper services usually include only the QDRO and charge more for the remaining requirements of the process. Local attorneys have overhead to cover and may be priced a lot higher than other comparable services. Our flat fee covers all elements of your CalPERS QDRO start to finish, period. No surprise costs or variables.