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Divorce/Pension Question
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 845546" data-attributes="member: 12570"><p>It sounds as though he may be confusing his pension with his 401k. Yes, she will get half of his 401k as of the date of the divorce but, no, she does not get half of his pension. She is entitled to 2% of his pension for each of the years of their marriage <strong>while he was employed at UPS </strong>which means she will get 32% of his pension when he retires. I went through a similar situation--my ex got 1/2 of my 401k when the ink was dry on the divorce decree and will get 16% of my pension. The money she receives from the pension will not be in a lump sum.</p><p> </p><p>The above assumes that she will not be receiving a pension from her job. If this is not the case then the lawyers will work out an equitable settlement in regard to both of their pensions.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 845546, member: 12570"] It sounds as though he may be confusing his pension with his 401k. Yes, she will get half of his 401k as of the date of the divorce but, no, she does not get half of his pension. She is entitled to 2% of his pension for each of the years of their marriage [B]while he was employed at UPS [/B]which means she will get 32% of his pension when he retires. I went through a similar situation--my ex got 1/2 of my 401k when the ink was dry on the divorce decree and will get 16% of my pension. The money she receives from the pension will not be in a lump sum. The above assumes that she will not be receiving a pension from her job. If this is not the case then the lawyers will work out an equitable settlement in regard to both of their pensions. [/QUOTE]
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