The road to retirement includes many different life events. If you are divorcing, review the information below to understand how divorce may impact your IPERS benefits.
If you are divorcing after you retire, both you and your attorney should keep these points in mind.
- Your former spouse is referred to as an alternate payee by IPERS.
- IPERS can only administer a shared payment method for dividing benefits. Only one account exists and, as the IPERS member, it is your account. IPERS will track payments to your former spouse and tax reasons only.
- The payment option chosen at retirement cannot be changed.
- Until your divorce is final, you must have written consent from your spouse to change your beneficiary designations.
- Some benefit payment options that are chosen at retirement may prevent full implementation of a QDRO. Consider these options when drafting your domestic relations order.
- Ask your attorney to contact IPERS to review your QDRO for preapproval. This will help avoid prohibited terms and conditions.
Model QDRO and Instruction Packets
IPERS does not generate QDROs, but model QDROs and QDRO instruction packets are available to assist you. They include:
- Mandatory, permitted and prohibited provisions.
- Summary of the legal requirements.
- Practical pointers for drafting a QDRO.
Use the models and instruction packets to help expedite IPERS’ review and ensure the acceptance of your proposed or final order.
The model QDROs and instruction packets reference several important forms a member may need to complete. The forms are available below.