“After The Love Has Gone’” or “Divorce And The Defined Benefit Pension”
October 20, 2021 | Salvatore Darigo, Chief Counsel’s Office | Terms & Disclaimers
Neither family lawyers nor Earth, Wind and Fire can use a ‘70s ballad to solve the issue of who gets what when marital property is divided as part of a divorce. In most cases, distributing marital assets is the second most important concern after child custody. When a defined benefit (“DB”) pension such as the one earned by SERS members is tossed into that mix, a complicated and emotionally-charged issue becomes even more complex and confusing.