If you've been divorced, there are two distinct scenarios where you'll need clear
and complete paperwork in order to move on successfully. First, if your former spouse
has been awarded a portion of your TSP but agreed not to touch your pension, you need
to submit a copy of your court - approved divorce decree to the TSP as soon as possible
– anytime in your career. This will make sure TSP knows how m uch needs to be
distributed and who is to receive it. Then TSP can get those funds distributed to your
former spouse and you can go on with your career.
If your former spouse also has a claim to a portion of your FERS or CSRS
pension, you will need an addi tional document called a Qualified Domestic Relations
Order or QDRO. The QDRO should be submitted to OPM's Court Orders branch as
soon as possible by trackable mail. OPM will then communicate with you and your
attorney to clarify how your pension will be s plit. Obviously, it is highly recommended
that you use a qualified divorce attorney who understands the Federal regulations.
Call 888 - 900 - 4690 or click HERE for more information on how Cambridge
Financial Partners can help you.
Upcoming Retirement Seminars Provided By 4 Square :
NATCA Area
Mid/Late Career Workshop
3PM - 9PM
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Workshop
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