computerguy
Confused about dryer sheets
I waited until I was 65 last year to take my defined benefit pension from mega-corp so I could avoid any reductions by taking it earlier. As suggested by the company I began the process a couple of months early so it would kick in the month I turned 65.
All was going as planned until I received a notice that they would be holding back 50% of my pension because of a problem with a qualified domestic relations order (QDRO). The problem, they explained, was that during my divorce in 1990 (26 years earlier) my ex-wife's attorney never completed the legal paperwork to ensure that she got the percentage of my pension she was entitled to when I retired. Because the lawyer had filed something, but it was incorrect or incomplete, mega-corp had to hold back 50% of my pension until the QDRO issue was fixed. And, of course, in the intervening quarter century I had never been notified that there was a problem. They said they would attempt to contact my ex and define her remedy but suggested it might be easier (for them?) if I contacted her myself. We had not had children together (thank goodness) and I had no idea where she was or even if she was still alive. I did not agree to fix their problem.
The alternative to getting the QDRO corrected was to wait 18 months and then, if they received no valid QDRO, they would release the full pension to me. OK, I waited and, in the mean time, collected 50% of my pension every month.
In April 2017, one month before the 18 month period expired, I contacted them again. They were less than enthusiastic to hear from me and explained that I must send them a written request to receive my full pension on or after May 1 and then they would decide what to do. I sent off the letter on May 2 and received their reply a week later that they were extending the waiting period for 30 more days and would make one final attempt to get the QDRO completed. They were not happy that I did not "do my best" to get the problem resolved.
Finally, in early June, after waiting 20 months, I received my full pension and a check for the amount that had been withheld. I was fortunate to have a close relative who is a lawyer that specializes in labor law who provided guidance along the way. Everything mega-corp did was legal, but unexpected.
All was going as planned until I received a notice that they would be holding back 50% of my pension because of a problem with a qualified domestic relations order (QDRO). The problem, they explained, was that during my divorce in 1990 (26 years earlier) my ex-wife's attorney never completed the legal paperwork to ensure that she got the percentage of my pension she was entitled to when I retired. Because the lawyer had filed something, but it was incorrect or incomplete, mega-corp had to hold back 50% of my pension until the QDRO issue was fixed. And, of course, in the intervening quarter century I had never been notified that there was a problem. They said they would attempt to contact my ex and define her remedy but suggested it might be easier (for them?) if I contacted her myself. We had not had children together (thank goodness) and I had no idea where she was or even if she was still alive. I did not agree to fix their problem.
The alternative to getting the QDRO corrected was to wait 18 months and then, if they received no valid QDRO, they would release the full pension to me. OK, I waited and, in the mean time, collected 50% of my pension every month.
In April 2017, one month before the 18 month period expired, I contacted them again. They were less than enthusiastic to hear from me and explained that I must send them a written request to receive my full pension on or after May 1 and then they would decide what to do. I sent off the letter on May 2 and received their reply a week later that they were extending the waiting period for 30 more days and would make one final attempt to get the QDRO completed. They were not happy that I did not "do my best" to get the problem resolved.
Finally, in early June, after waiting 20 months, I received my full pension and a check for the amount that had been withheld. I was fortunate to have a close relative who is a lawyer that specializes in labor law who provided guidance along the way. Everything mega-corp did was legal, but unexpected.