Railroad Retirement Plan Lawyers and QDRO Specialists

The RRB Only Allows Certain Benefits To Be Considered Marital Property

Benefits that are available to the spouse of a railroad employee depend on how long the employee has worked for the railroad. If your client is part of the railroad retirement plan, as either a recipient or the spouse of a recipient, you have to know all of the requirements for a qualified order to divide railroad retirement benefits to be accepted by the Railroad Retirement Board (RRB).

Because of the two-tiered system, an alternate payee is only eligible for a certain portion of a railroad employee's benefits. The attorneys and QDRO Specialists of QDRO Preparations, LLC, understand how this system works and know how to ensure your client receives the retirement payments promised to him or her in the divorce decree.

Our team has in-depth knowledge and training on how to draft the appropriate documents for railroad retirement plans. We know the many hoops that must be jumped through to accommodate government requirements. When you work with us, you gain all of this knowledge to benefit your client and you prevent problems in the future that may lead to a professional malpractice suit.

The Differences Between Tier I And Tier II Benefits

The RRB governs railroad workers and provides all of their retirement benefits. Railroad workers do not participate in the Social Security program, instead they are covered by the RRB's retirement program. Tier I covers benefits similar to those offered by Social Security. These benefits are not considered marital property.

Tier II benefits are considered marital property and can be divided in a divorce. Tier II benefits are similar to a regular pension plan. They are available to railroad workers who are eligible for Tier I benefits and have worked a certain number of months beyond a normal salaried railroad contract.

Eligibility for these benefits depends on how long the employee has been with the railroad and his or her age. Payments can go directly to the alternate payee but they will not start until after the railroad worker has reached the age when he or she is eligible for retirement.

Our lawyers and QDRO specialists can draft the qualified order to divide railroad retirement benefits and give you the information you will need to include in the separation agreement or present at a hearing. By submitting this information early in the process, you ensure it all appears in the final divorce decree, protecting your client when the benefits come due.

Ensure Your Client Will Receive The Benefits He Or She Is Entitled To

Call us at 205-704-2701 or contact us online to talk with us about your clients' needs.