Preparing for Retirement: Part Five – Divorce and Your Pension

Preparing for Retirement: Part Five – Divorce and Your Pension

The Preparing for Retirement 7-part video series discusses the main aspects of retirement planning to help NYSLRS members nearing retirement make good, informed decisions for the future. In Part Five – Divorce and Your Pension, you’ll hear about how if you are divorced, your ex-spouse may be entitled to part of your pension. NYSLRS needs a valid domestic relations order (DRO) on file so we can have the instructions on how your pension benefits should be divided. You’ll also learn what resources NYSLRS has available to help you construct a DRO, if needed.

Important Links for Retirement Planning

NYSLRS Home Page – http://www.osc.state.ny.us/retire/

Divorce and Your Benefits – http://www.osc.state.ny.us/retire/members/divorce/index.php

Draft a DRO Template – http://www.osc.state.ny.us/retire/members/divorce/dro_form/overview.php

Divorce and Your Benefits: Frequently Asked Questions – http://www.osc.state.ny.us/retire/members/divorce/faq/index.php

Email the Matrimonial Bureau – DRO@osc.state.ny.us

Life Changes: How Do I Prepare to Retire? – http://osc.state.ny.us/retire/publications/vo1709.php

Find Your NYSLRS Retirement Plan – http://osc.state.ny.us/retire/publications/index.php

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