WebState of Michigan Deferred Compensation Plans Model Language and Procedures Guide Page 4 If the Alternate Payee is the spouse or former spouse of the Participant, the Alternate Payee will be responsible for any taxes on the distribution. However, … WebIf the participant and alternate payee fail to submit a domestic relations order that qualifies as an EDRO before the participant's retirement allowance effective date or before the …
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Webthe State of Michigan Deferred Compensation Plan(s). 1. The order must clearly specify the name of the plan. The order must identify the name of the Plan as the State of Michigan … WebQualified Domestic Relations Order (QDRO)/Eligible Domestic Relations Order (EDRO): $520-$750. Assistance with Division of Individual Retirement Account (IRA): $250-$500. *For cases needing multiple DROs, fees for DROs after the first are reduced by $100 each. Subject to our attorneys’ schedules, the objective of the firm is to have a draft ... classic cars for sale in kc ks/mo
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WebJan 20, 2016 · A EDRO is used when one or both of the parties earned a pension through a public employer during the marriage. A pension is considered an asset of the parties. The employee who earned the pension is referred to as the participant. The spouse of the employee is referred to as the alternate payee. WebContribution Addendum for MERS DC (and DC portion of Hybrid) Employer. MD-012. Defined Contribution, Hybrid Plan. Public Safety - Insurance Payment Form. Participant. DB-021b. Defined Benefit. Spouse Waiver Consent. WebEligible Domestic Relations Order (EDRO) – a domestic relations order that meets all of the requirements of the Eligible Domestic Relations Order Act, 1991 PA 46. Earliest … classic cars for sale inland empire ca