Buffalo Divorce Attorney Examines How a Pension is Treated During Divorce
One of the most frequent questions I get as an experienced Buffalo Divorce Attorney is, “how is my pension handled in a divorce?”
- Many people who have pensions want to know what happens to their pension after their divorce.
- On the other hand, if their spouse is the one who has a pension, they ask if they are entitled to a portion of the other party’s pension.
- New York State employs a formula based upon the length of the marriage and how long the owner of the pension worked for that company during the course of the marriage.
- If the parties have been married and living together for 30 years, and the person whose pension is under consideration has been employed with that employer and earning a pension for the entire 30 years, each party would be entitled to 50% of the pension.
Are you worried that your pension could be divided in divorce? Contact Buffalo Divorce Attorney Michael Ranzenhofer for guided experience.