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Not to be confused with a divorce decree or property settlement, a qualified domestic relations order (QDRO) specifically recognizes an ex-spouse's, or soon-to-be-ex-spouse's, interest in the other spouse's qualified retirement plan.

The QDRO can name a dollar amount or a percentage of benefits to be paid to the plan participant's ex-spouse. The distribution can be made as a lump sum or in regular plan payments. You may also be able to designate a percentage of an account as the property of the non-participating spouse to be distributed later.

A QDRO allows a former spouse to receive a predefined amount of their spouse's retirement plan assets. For example, a QDRO might pay out 50% of the account's value that has grown during the marriage. The funds, as a result of the QDRO, could then be transferred or rolled over into an IRA for the beneficiary spouse.

A QDRO distribution that is paid to a child or other dependent is taxed to the plan participant. An individual may be able to roll over tax-free all or part of a distribution from a qualified retirement plan that he or she received under a QDRO.

combined total of at least 600 hours in two consecutive Qualifying Periods. Your benefits will start at the beginning of the Eligibility Period that follows; after that, your eligibility will only be reviewed when your benefits are set to expire.

A "qualified domestic relation order" (QDRO) is a domestic relations order that creates or recognizes the existence of an “alternate payee's” right to receive, or assigns to an alternate payee the right to receive, all or a portion of the benefits payable with respect to a participant under a retirement plan, and that ...