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December 2015 Archives

Understanding the division of retirement benefits

Between pensions, individual retirement accounts and 401(k)s, it can be quite complicated to determine how retirement funds will be divided in a New York divorce. Currently, pension benefits are often divided by using what is known as the Majauskas Formula. This formula was established in Majauskas v. Majauskas in the State Court of Appeals. If the parties negotiate a different equitable distribution choice or the court modifies the formula, a different amount of the pension may be awarded to the ex-spouse.

Monday, May 22, 2017

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