Rochester Divorce Attorney Discusses How a Pension is Handled in a Divorce
Clients will come to the office and ask me as a Rochester Divorce Attorney, how a pension is handled in a divorce.- New York State courts have devised a formula which sets forth how a pension is to be divided.
- If the couple has been married for the entire time the party has worked at the company providing the pension, each spouse will receive 50% of that pension.
- The court considers the length of the marriage and how much of that time the spouse worked at the company and earning that pension.
- The formula for dividing pensions is straightforward and its formula will yield the exact amount each spouse will receive.