Quote:
Originally Posted by Dottore
Thanks. This sounds like a plan. My understanding was the company categorically refused to put a portion of the deferred comp. into the wife's name on the basis that she is not an employee jada jada. So a court order directing the company sounds like the right approach.
Many thanks for all the replies.
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Not sure if this helps, but in the Navy after a certain period of marriage, your spouse is legally entitled to a percentage of you retirement...the amount is negotiable.
The Navy will not assign or name your spouse on the retirement account, but, once the payments begin, the spouse simply calls and the government and
payments are assigned based on the divorce settlement.
The reason this is done is to protect the service member should the spouse pass away prior/after the service member retires: the relatives of the spouse have no claim on the service members retirement account. Once the spouse has passed, the payments revert back to the service member. If the spouse was
named on the account that would not be the case.
I suspect that company in question has the same concern.