Retirement Benefits

  • Illinois Pension Reform Found Unconstitutional

    … There appears to be good news for state employees. On Friday, November 21, 2014, Sangamon County Circuit Court Judge John Belz found that “without question” the pension reform law is unconstitutional since the Illinois Constitution contains a provision that a public worker pension cannot be “diminished or impaired”. In reaching his decision…

    Family Law Topics- 5 readers -
  • Save for Retirement

    … be prepared and that the document correctly transfers the retirement assets. Otherwise, the spouse who is to receive a portion of their spouse’s benefits may not get them. Please do not let a divorce be the reason you either stop, or do not, save for retirement. Rather, use the divorce as an opportunity to have to save for retirement. Your…

    Family Law Topics- 1 readers -
  • Divorce After 50 - Older Couples Face Unique Issues

    … is retired, dividing up the retirement assets can be complex. Typically they will need to have a Qualified Domestic Relations Order (QDRO), which is a separate court order that covers the division of retirement benefits. Mr. Stewart also points out that other decisions must often be made, including: • Can one spouse receive survivor benefits…

    Georgia Family Law Blog -
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