Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Retirement Equity Act of 1984

Read a random definition: consumer lease

A quick definition of Retirement Equity Act of 1984:

The Retirement Equity Act of 1984 is a law that says if a married couple gets divorced, the pension plan they had together must be divided fairly between them. The person in charge of the pension plan can give some of the money to the ex-spouse if a court says they should. This law helps make sure that both people get what they deserve from the pension plan after a divorce.

A more thorough explanation:

The Retirement Equity Act of 1984 is a federal law that requires private pension plans to follow court-ordered division of a pension between spouses. This law also allows the plan administrator to pay all or part of a worker's pensions and survivor benefits directly to a former spouse if the plan has been served with a court order that meets the federal requirements for a qualified domestic-relations order.

For example, if a couple gets divorced and the court orders that the husband's pension plan should be divided equally between the husband and wife, the Retirement Equity Act of 1984 requires the pension plan to comply with this court order. The plan administrator may also be required to pay a portion of the pension directly to the wife if the court order meets the requirements for a qualified domestic-relations order.

Another example would be if a husband and wife were married for 20 years and the husband worked for a company that had a pension plan. If the couple gets divorced and the court orders that the wife is entitled to a portion of the husband's pension, the Retirement Equity Act of 1984 requires the pension plan to comply with this court order and pay the wife her portion of the pension directly.

These examples illustrate how the Retirement Equity Act of 1984 ensures that spouses are entitled to a portion of their partner's pension in the event of a divorce, and that pension plans must comply with court orders regarding the division of pensions.

retirement annuity | retirement plan

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
starfishies
4:22
<3
starfishies
4:22
<3
starfishies
4:47
<3
starfishies
4:47
<3
starfishies
4:47
<3
starfishies
4:47
<3
starfishies
4:47
<3
starfishies
4:47
<3
12:12
Don't do drugs, kids
[] c0bra1
12:21
awww man
13:10
what i miss
MrThickRopes
13:32
Fo pm boutta be a movie
15:22
@MrThickRopes: I went on a bender last night, I threw back like 3 sparking waters. It was crazzyyy
MrThickRopes
16:11
partyyy animallll
Jacobdoeshisbest
19:12
@starfishies: are you okay?
19:44
Don't mind her, she is in ketamine goblin mode
22:36
@DigiFartHoe: Keto > ketamine
Jacobdoeshisbest
22:56
@DigiFartHoe: your profile has me dead lol
Naw fr
babycakes
11:06
You’re either part of the solution, or you’re part of the precipitate.
12:09
rise and shine, whorediots
12:10
@Jacobdoeshisbest: ivy league talent forced into this let's the commoners have exposure to high level creativity
12:10
jk i dont suck my own cock
but itd be okay if you did
12:24
I dont fucks wit those... reprobate activities
12:24
All the power to you, say hi to judas
13:52
@DigiFartHoe: Hello Brother, how are you today?
yall think Tulane will have any spots left after deposits??
23:22
this sucs i just wanna live in a farm
1:41
thoughts on loyola los angeles
LSD+ is ad-free, with DMs, discounts, case briefs & more.