Suffolk New York Sample Letter to Pension Plan Administrator regarding Division of Plan Proceeds per Court Order

• Category: Letters - Legal - Pension Plan
• State: Multi-State
• County: Suffolk
• Control #: US-0500LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. Subject: Division of Plan Proceeds per Court Order for Suffolk New York Pension Plan Dear [Pension Plan Administrator's Name], I hope this letter finds you well. I am writing to you on behalf of [Your Name]. We recently obtained a court order regarding the division of plan proceeds for the Suffolk New York Pension Plan, and we kindly request your assistance in implementing this court order. [Your Name], who was a participant in the Suffolk New York Pension Plan, is currently pursuing a divorce proceeding with their former spouse, [Former Spouse's Name]. As part of the divorce settlement, a court order has been issued mandating the division of plan proceeds in accordance with the Employee Retirement Income Security Act (ERICA) guidelines. According to the court order, [Your Name]'s former spouse is entitled to a portion of the plan proceeds accumulated during the marriage. The court has determined the specific percentage or amount to be awarded. We kindly ask that you review the attached court order, as it outlines the details of the division concerning the pension plan proceeds. To ensure a smooth and efficient division of plan proceeds as per the court order, we kindly request the following actions from your esteemed department: 1. Evaluation and Calculation: Please review the court order carefully and perform the necessary calculations to determine the precise amount to be awarded to [Former Spouse's Name]. 2. Separate Account Establishment: Set up a separate account for [Former Spouse's Name], where the allocated proceeds can be deposited and managed independently. 3. Documentation: Provide us with clear, detailed documentation regarding the division of plan proceeds and the establishment of the separate account for [Former Spouse's Name]. This information is crucial for the compliance with legal obligations and future reference. 4. Communication: Please keep both parties involved (i.e., [Your Name] and [Former Spouse's Name]) informed about the progress of this division process, including any further instructions or requirements. 5. Disbursement: Upon completion of the aforementioned steps, promptly distribute the awarded portion of the plan proceeds to [Former Spouse's Name] in the manner agreed upon by the court order. We understand that proper division requires careful consideration, and we greatly appreciate your cooperation in this matter. If you have any queries or require any additional information or documentation, please do not hesitate to contact us. We remain hopeful that your prompt attention and adherence to legal obligations will facilitate a fair and efficient division of the plan proceeds as mandated by the court order. Thank you for your cooperation and understanding. Yours sincerely, [Your Name] [Your Contact Information]

Subject: Division of Plan Proceeds per Court Order for Suffolk New York Pension Plan Dear [Pension Plan Administrator's Name], I hope this letter finds you well. I am writing to you on behalf of [Your Name]. We recently obtained a court order regarding the division of plan proceeds for the Suffolk New York Pension Plan, and we kindly request your assistance in implementing this court order. [Your Name], who was a participant in the Suffolk New York Pension Plan, is currently pursuing a divorce proceeding with their former spouse, [Former Spouse's Name]. As part of the divorce settlement, a court order has been issued mandating the division of plan proceeds in accordance with the Employee Retirement Income Security Act (ERICA) guidelines. According to the court order, [Your Name]'s former spouse is entitled to a portion of the plan proceeds accumulated during the marriage. The court has determined the specific percentage or amount to be awarded. We kindly ask that you review the attached court order, as it outlines the details of the division concerning the pension plan proceeds. To ensure a smooth and efficient division of plan proceeds as per the court order, we kindly request the following actions from your esteemed department: 1. Evaluation and Calculation: Please review the court order carefully and perform the necessary calculations to determine the precise amount to be awarded to [Former Spouse's Name]. 2. Separate Account Establishment: Set up a separate account for [Former Spouse's Name], where the allocated proceeds can be deposited and managed independently. 3. Documentation: Provide us with clear, detailed documentation regarding the division of plan proceeds and the establishment of the separate account for [Former Spouse's Name]. This information is crucial for the compliance with legal obligations and future reference. 4. Communication: Please keep both parties involved (i.e., [Your Name] and [Former Spouse's Name]) informed about the progress of this division process, including any further instructions or requirements. 5. Disbursement: Upon completion of the aforementioned steps, promptly distribute the awarded portion of the plan proceeds to [Former Spouse's Name] in the manner agreed upon by the court order. We understand that proper division requires careful consideration, and we greatly appreciate your cooperation in this matter. If you have any queries or require any additional information or documentation, please do not hesitate to contact us. We remain hopeful that your prompt attention and adherence to legal obligations will facilitate a fair and efficient division of the plan proceeds as mandated by the court order. Thank you for your cooperation and understanding. Yours sincerely, [Your Name] [Your Contact Information]