Dividing Non-Vested Pensions
Check out this educational video as Michael Barrett, an experienced Buffalo Divorce Lawyer discusses the process of dividing non-vested pensions during a divorce. If you have questions about a divorce or family law matter, contact us to schedule a consultation. We welcome the opportunity to assist you.
A common question regarding division of pensions is what if I’m not yet vested? Whether or not a plan participant is vested in a plan, that plan can be divided in a divorce. In a divorce decree or an agreement, there still can be a provision for dividing the person’s interest in that pension. At the time of retirement, assuming you did vest in those benefits, that benefit will then be divided.
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If you have questions about dividing non-vested pensions during divorce, contact our experienced Buffalo divorce lawyers. Let our experienced work for you!