A "Qualified Domestic Relations Order" (QDRO) is a domestic relations order that creates or recognizes the existence of an alternate payee's right to receive a portion of the benefits payable with respect to the participant under a retirement plan.
The purpose of a pension evaluation is to determine the Present Cash Value of the employee spouse’s retirement benefit. These evaluations have a significant impact on the estimated worth of the employee’s retirement benefit.
Mediation is a negotiated, problem-solving process facilitated by a trained third party neutral, the mediator. In mediation the mediator works with all parties to help create a realistic, lasting agreement that both parties can agree with. The goal is to find solutions and avoid the need for litigation or other legal action.
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