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Qualified Domestic Relations Order

(Tax Law)

Relates only to pensions. The PBGC reviews a submitted domestic relations order to determine whether the order is qualified before paying benefits to an alternate payee. The benefits of a pension plan participant generally may not be assigned to another person. The law provides an exception for QDROs that relate to child support, alimony payments, or marital property rights of an alternate payee (spouse, former spouse, child, or other dependent of a plan participant). The exception applies only if the domestic relations order meets specific legal requirements that make it qualified.

Source : Internal Revenue Service - United States Department of Treasury

Language : English

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