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Questions and Answers

What is a QDRO?

  • A document that allows for transfer of assets to a beneficiary at the employee's retirement date
  • A document that allows for transfer of assets to a beneficiary at a future date (correct)
  • A document that allows for transfer of assets to a beneficiary only if the employee passes away.
  • A document that allows for immediate distribution of assets to a beneficiary.

What happens to the account when a QDRO is established?

  • The account is frozen until the employee's retirement date
  • The account is closed and the funds are distributed to the beneficiary.
  • The account is transferred to a QDRO account for each beneficiary registered exactly as the original account. (correct)
  • The account is transferred to a new beneficiary account.

When does the required minimum distribution for the alternate payee need to begin?

  • Only after the employee has retired
  • Within 5 years of the establishment of the QDRO.
  • At the discretion of the alternate payee
  • By the employee's required beginning date (correct)

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Study Notes

  • A QDRO allows for transfer of assets to a beneficiary at a future date.
  • The account is transferred to a QDRO account for each beneficiary registered exactly as the original account.
  • A QDRO is not a reason for distribution.
  • RMD to alternate payee must begin by employee's required beginning date.
  • RMD may be delayed up to 18 months during QDRO determination period.
  • Required minimum distribution for alternate payee determined separately.
  • Amount of benefit based on employee's life expectancy.
  • Benefit determined under uniform distribution period or joint life expectancy.
  • Joint life expectancy used if former spouse is more than 10 years younger than employee.
  • QDRO divides individual account into separate accounts for employee and alternate payee.

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