Divorce Mediation Long Island – Pensions and Divorce

by Fred on August 8, 2011

Is Your Spouse’s Pension a Marital Asset That You Share in a Divorce ?

The portion of a pension earned during a marriage is marital property in a New York divorce. It is shared based on a formula. Basically, you are entitled to a portion of the pension equivalent to one half of what was earned during the marriage.

Pensions include 401 (k)s, 403 (b)s, 457 Deferred Compensation Plans, and similar plans.

New York State Teacher’s Retirement System

See how it works for a New York State Teacher’s Retirement System pension.

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