Hello Family Law Section members,
On
Tuesday, Dec. 12, NJICLE will present
Pensions, QDROs and Divorce: Understanding offsetting methodology, including survivor benefits with the award, with special attention to the New Jersey systems at the
New Jersey Law Center from 9:30 a.m. to 1:05 p.m.
QDROs (qualified domestic relations orders) allow a plan administrator to transfer plan assets from a titled spouse to a non-titled spouse after a divorce has been finalized. Since pensions are often the single largest asset a couple can hold, family attorneys must have an understanding of the methodologies used by pension administrators to distribute pensionassets and how survivors are treated when the titled spouse dies.
Even if you leave the drafting to an expert, having a solid understanding of this important issue allows you to negotiate more effectively and obtain fairer settlements for your clients.
FACULTY
Mark K. Altschuler, M.S.
Author:
Value of Pensions & Divorce, Wolters Kluwer
President and Actuary, Pension Analysis Consultants, Inc., Elkins Park, PA
Hon. Michael Casale, JSC (Ret.)
Of Counsel, Greenbaum, Rowe, Smith and Davis, LLP, Roseland
Laurence J. Cutler, Esq.
Certified by the Supreme Court of New Jersey as a Matrimonial Law Attorney
Past Chair, NJSBA Family Law Section
Fellow, American Academy of Matrimonial Lawyers
Diplomate, American College Family Trial Lawyers
Master, New Jersey Family Inns of Court
Recipient, Saul Tishler and Alfred C. Clapp Awards
Laufer, Dalena, Cadicina, Jensen & Boyd, LLC, Morristown
TOPICS
• The 3 Main Errors of Property Settlement Agreements
• Pension Train Diagram and the Marx formula
• Sample Pension Valuations, including the White Social Security Offset and why the GATT interest rate is obsolete
• Introduction to partial offset methodology under
Risoldi and the error in
Abel
• Valuation of a defined contribution plan and why it should be valued as part of E.D.
• Survivor benefits in the New Jersey State Systems
• How to determine the Marx QDRO percentage and avoid the dollar award error in defined benefit plans
• Offset of a 401(k) vs. pension using partial offset
• Offset of a 401(k) vs. cash, including tax discount for offsetting pre-tax and post-tax assets
• Introduction to the concept of "grossing up" post-tax assets for purpose of offsetting against pre-tax assets
• Offset of 401(k), TPAF pension, and house
• House/pension partial offset scheme that avoids selling house or wife borrowing money to keep it
• 60:40 global asset division scenario
• Offset as of complaint date scenario
The tuition for NJSBA members if $148.
NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 4.2 hours of total CLE credit. Of these, 4.2 qualify as hours of credit towards certification in matrimonial law.
NJ CLE: This program has been approved for 4.2 credits(50 minute hour)
PA CLE: 3.5 substantive credits pending ($16 fee – separate check payable to NJICLE must be submitted at the end of the program)
Matrimonial Law Attorney Certification: 4.2 general credits pending
NY CLE (t&nt): 4.0 professional practice creditsCPE: 4.0 taxation credits
Click here to register for Pensions, QDROs and Divorce: Understanding offsetting methodology, including survivor benefits with the award, with special attention to the New Jersey systems.
Click here to download a form to register.
Click here for a form to register a group.
For questions or to register by phone, please contact an association representative at 732-214-8500.
All the best,
Barbara
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Barbara Straczynski
Director of New Media and Promotions
New Jersey State Bar Association
New Brunswick NJ
(732) 937-7524
[email protected]------------------------------