A qualified domestic relation order (QDRO) is a court order in a domestic relations case that orders pension or retirement plan benefits to be used to provide alimony or child support, or to divide marital property in a divorce.
DEFINITION of 'Qualified Domestic Relations Order-QDRO '. A type of court order typically found in a divorce agreement that recognizes that the ex-spouse is entitled to receive a predefined portion of the individual's retirement plan. From Wikipedia, the free encyclopedia. In the United States, a Qualified domestic relations order or QDRO is a legal order, entered as part of a divorce or legal separation, that splits and changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. A Qualified Domestic Relations Order is a domestic relations order which creates or recognizes the existence of an alternate payee's right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable with respect to a participant under a qualified Plan (i.e. employer sponsored). Answer: A qualified domestic relations order is an order that needs to be included in a divorce settlement agreement when dealing with pension funds. The QDRO establishes your soon-to-be-ex-spouse's legal right to receive a designated percentage of your qualified plan account balance or benefit payments. A qualified domestic relation order (QDRO) is a court order in a domestic relations case that orders pension or retirement plan benefits to be used to provide alimony or child support, or to divide marital property in a divorce. ERISA is the primary federal law governing pension plans of employers. QDRO is an acronym for a Qualified Domestic Relations Order. This Order is issued by the Court in a domestic relations (divorce or post-divorce) case to divide certain financial plans, including 401(k)s, pensions and other retirement accounts, between the parties.
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define qualified domestic relations order