
A pension plan is a defined benefit retirement account. It pays the Member or Participant a set amount of money (a defined benefit) for the duration of his or her
A pension plan is a defined benefit retirement account. It pays the Member or Participant a set amount of money (a defined benefit) for the duration of his or her
If you participate in the Illinois Municipal Retirement Fund or IMRF, if you divorce after retirement and were married for at least 1 year before terminated IMRF participation, your ex-spouse
You just entered your client’s Divorce Decree or Judgment for Dissolution of Marriage or Consent Degree in a State other than Illinois. Maybe you are in Arizona, California, Florida or
Your client worked as a teacher in the Chicago Public Schools, CPS and participated in the CTPF, or in another Illinois school district and participated in the TRS. Her and
In Illinois, and in most courts through the country, a divorce judge only has jurisdiction over marital or community property. This means that a judge does not have the authority to
Members of many public pensions, including TRS, IMRF, SURS, SERS, CTPF, and others, at times can have their contributions refunded. Some of the most common refunds are surviving spouse benefits
A Qualified Illinois Domestic Relations Order (QILDRO) must include all elements specified by statute. Most large Plan Administrators in Illinois, including those in Chicago, DuPage and surrounding suburbs, have their
Whether you are in Chicago, its suburbs or outside of Illinois, dividing pension plans in a divorce is a question of math. A pension is oftentimes the most valuable asset
You have had or are about to have entered a Qualified Illinois Domestic Relations Order (QILDRO). Why would you also need a QILDRO Calculation Court Order? Most QILDRO’s provide a
You just entered your client’s Divorce Decree or Judgment for Dissolution of Marriage or Consent Degree in a State other than Illinois. Maybe you are in Arizona, California, Florida or