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Can Pension Plans Be Divided? In probably every state, pension plans of either party may be divided. That is: even if you didn't work, you may be entitled to a share of the pension. For defined contribution plans -- such as IRA's or 401(k)'s -- the mechanics of dividing the account are straightforward. The court can simply divide the account's value between the parties. For defined benefit plans -- those that promise to pay a certain amount each month starting at retirement -- the mechanics are a bit trickier. Click here for more on dividing defined benefit pension plans.
Disclaimer: We are not giving legal advice. No warranties. We disclaim all legal liability. More...
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