When QDRO Consultants Co. approves a QDRO, we do
not simply generate a form letter stating "QDRO Approved."
Instead, we put together a detailed "Interpretation
Letter" outlining all of the rights and entitlements
of the alternate payee in laymen's terms. Because attorneys
often do not understand the QDRO process themselves, we
have found that your participants (and alternate payees)
even have less of an understanding of the QDRO process.
Our Interpretation Letter explains how the alternate payee's
benefits are to be calculated and addresses other important
issues such as survivorship, COLA, early retirement subsidies,
etc.
Our "Interpretation Letter"
also provides the parties with their 30-day ERISA appeal
rights. This helps reduce your corporate liability in the
event that any party disagrees with the terms of the Interpretation
Letter. During the appeal period, the parties have an opportunity
to submit an amended QDRO if necessary in order to clarify
the terms of their divorce settlement.
Click on a button below to view a sample
Interpretation Letter.
