Reporting a Divorce
If you are legally separated or get divorced, certain judgments, decrees, or court orders could require that part of your benefit be paid to someone else — your spouse, former spouse, or children, for example. This is known as a Qualified Domestic Relations Order (QDRO). A QDRO could affect benefits paid to you or your beneficiaries.
A QDRO is a Court order, judgment, or decree issued under a state's domestic relations law that recognizes the right of a spouse, former spouse, child, or other dependent for you in an employee benefit plan to receive all or a part of your account balance in the plan.
The QDRO must meet specific requirements mandated by federal and state law and the provisions of the Plan. Additionally, in the State of California, to execute a QDRO, Savings Plus must first be joined as a party to the legal proceedings. If your divorce was filed outside the State of California and you reside in a state other than California, the Plan does not require parties to be joined.
For more information, view the QDRO Fact Sheet and model language featured here. QDRO.
Savings Plus is separate from California Public Employees' Retirement System (CalPERS). If you have questions regarding CalPERS, call 1-888-225-7377 or visit calpers.ca.gov.