What effect does prior court ordered Mercer quadro’s with regard to our divorced crew members and ex spouse entitlements upon retirement?
The creation of a new retirement plan should have no impact on an existing qualified domestic relations order (QDRO). Typically, a QDRO divides the retirement plan benefits between the two divorcing parties, based on the number of years of the marriage. Because the divorce is final, benefits earned after the marriage would not usually be covered by the QDRO. Additionally, since the new variable plan did not exist at the time of the divorce and QDRO, it would not fall within the QDRO because a QDRO must specify the name of the plan subject to the order.