In divorce proceedings, it sometimes happens that one of the primary assets of the divorcing couple is one person’s pension plan earned through their employment. When splitting such a pension plan, the court will enter a Qualified Domestic Relations Order (or QDRO). A QDRO is a court order that allows someone other than the plan participant (the person who earned the pension) to receive payments under the pension plan. That person is known as an “alternate payee” and can be the ...
