Michael G. Putter Attorney at Law
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division of pensions Archives

Explaining the survivors pension in New York

Pensions are important accounts that public employees and members of the military earn during their time employed and while serving the country. These accounts are handed down by the holder to the beneficiary, typically a spouse. There are ways that the pension can be left to a dependent child. It all depends on the situation. If you've never heard of the survivors pension, we will explain it in today's post.

Tips for choosing beneficiaries of your pension

For those of you who work in professions that offer pensions for your retirement, you need to know the best ways to choose beneficiaries. Each person will make different choices. Some of those choices could be detrimental to your estate. Here are some important tips for choosing the beneficiaries to your pension in Oneida, New York.

How to leave your pension to a loved one

A pension is an important financial asset that you have earned from your years of hard work. You can use the pension during your retirement to go on vacation, pay bills, put a down payment on a new home, buy a car and however else you wish to spend it. It is your money. But, what happens to it when you die? Here's how you can leave your pension to a loved one in Oneida, New York.

Will you need to file a Qualified Domestic Relations Order?

Divorcing New York residents often are surprised to learn that their divorce judgments and property settlements fail to address the dispersal of pension funds from a participant's benefits account. They discover that what they actually need to file are Qualified Domestic Relations Orders (QDROs).

A pension that hasn't matured is still marital property

You have a pension plan, but you're not yet old enough to get the payments. That is to say, the plan hasn't matured yet. You are vested, so you're going to get that money, but you haven't been getting or using the checks at this point.

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