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Simple English definitions for legal terms

Retirement Equity Act of 1984

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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

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18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
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Dkk
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Dkk
18:57
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Dkk
19:18
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Dkk
19:19
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windyMagician
19:20
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windyMagician
19:20
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Dkk
19:21
Bill Clinton, first and last black president
windyMagician
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I want to go running but my leg feels weird
windyMagician
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Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
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windyMagician
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windyMagician
19:27
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Dkk
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CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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