Wednesday, September 10, 2014

PERS Retirement

The Mississippi Court of Appeals decided Aaron v. Aaron yesterday located here.  The issue in the case dealt with Mississippi state retirement (PERS) which is exempt from a qualified domestic relations order (QDRO) by statute.  In this case, the chancellor ordered that the a party pay a portion of his PERS as alimony upon receipt of his check.  This was affirmed by the Court of Appeals.  This case is helpful in dealing with this issue and also tell mathematically how to calculate what portion of the retirement was accrued during the marriage when a party had the account prior to and after the marriage of the parties. 

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