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Old 04-09-2006, 09:54 PM
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Join Date: Apr 2006
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Switching to pension?

What is the name of your state? NJ

Settlement read alimony until exhusband retires. Ex wants to retire and offering a lump sum to close alimony payments. He has 3 years to go before his 62nd birthdate. He states I will receive 1/2 his pension as soon as he retires if he retires now. I'm only 55. Is he correct or do I have to wait until 62 to receive pension benefits.

I don't see anything written on divorce decree referring to pension benefits after he retires. Is this a normal procedure if I don't remarry in NJ? Thanks.
Last edited by Lookingup; 04-09-2006 at 09:57 PM.
  #2  
Old 04-09-2006, 10:16 PM
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Join Date: May 2004
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Quote:
Originally Posted by Lookingup
What is the name of your state? NJ

Settlement read alimony until exhusband retires. Ex wants to retire and offering a lump sum to close alimony payments. He has 3 years to go before his 62nd birthdate. He states I will receive 1/2 his pension as soon as he retires if he retires now. I'm only 55. Is he correct or do I have to wait until 62 to receive pension benefits.

I don't see anything written on divorce decree referring to pension benefits after he retires. Is this a normal procedure if I don't remarry in NJ? Thanks.
If the divorce decree does not make any mention of you getting 1/2 of his pension, then you don't. I suspect that you better take your divorce decree and go get yourself a consult with an attorney.
  #3  
Old 04-10-2006, 08:01 AM
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Also, it is legal to retire before 62, it just means one waits before the SS portion is available. If the decree does not establish any provision for retirement before SS age, then he is probably free to retire whenever he's ready.
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