R
rick2005
Guest
- Jurisdiction
- Indiana
My question is about defining military pay in relation to the language in a divorce decree.
Am I awarded sole ownership of pension according to Indiana's definition, and is the language used to award wife a portion of the pension worse than worthless?
- The relevant statutory provisions are as follows. IC 31-9-2-98 "Property" Sec. 98.
- "Property", for purposes of the Uniform Premarital Agreement Act under IC 31-11-3, has the meaning set forth in IC 31-11-3-3.
- "Property", for purposes of IC 31-15, IC 31-16, and IC 31-17, means all the assets of either party or both parties, including:
- A present right to withdraw pension or retirement benefits;
- The right to receive pension or retirement benefits that are not forfeited upon termination of employment or that are vested (as defined in Section 411 of the Internal Revenue Code) but that are payable after the dissolution of marriage; and
- The right to receive disposable retired or retainer pay (as defined in 10 U.S.C. 1408(a)) acquired during the marriage that is or may be payable after the dissolution of marriage.
- A present right to withdraw pension or retirement benefits;
- PROPERTY: Wife is awarded property presently in her possession. Husband is awarded property presently in his possession. The parties have already divided any and all other personal property of the marriage.
- MILITARY PENSION: Wife's counsel shall provide appropriate QDRO documents/forms for the implementation of any military pension payouts at the maximum percentage approved by the Department of Defense.