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Plant closure & shut down QDRO question

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Suziqa2j

Junior Member
What is the name of your state? Maryland

There is a QDRO in place that my ex is entitled too. My plant is closing and I have been offered a buyout. What happens to the QDRO and my buyout? Are they going to take my buyout instead?
 


LdiJ

LdiJ

Senior Member
Suziqa2j said:
What is the name of your state? Maryland

There is a QDRO in place that my ex is entitled too. My plant is closing and I have been offered a buyout. What happens to the QDRO and my buyout? Are they going to take my buyout instead?
Click to expand...
Normally a buyout does not effect retirement accounts. What your ex is entitled to is a portion of your retirement account. However, if for some reason, your retirement is being included in the buyout, then yes, funds would have to come from the buyout for the QDRO.

Take the buyout information, along with a copy of your QDRO, and get a consult with a local attorney.
 
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