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The Office of the State Comptroller does not warrant, promise, assure or guarantee the accuracy of the translations provided. These include, but are not limited to:. Google Terms of Service.

According to New York State law, pension benefits earned during a marriage are marital assets subject to equitable distribution in the event of a divorce. A Participant and ex-spouse may establish a retirement benefit distribution that is satisfactory.

The most commonly used equitable distribution formula for a public pension was established by the State Court of Appeals in Majauskas v. The Majauskas formula may be modified by the court, or by agreement between the Participant and ex-spouse.

The Retirement System does not require use of this prfviously.

As for the law, it says that a financially solvent ex-spouse might indeed have an obligation to an unmarried ex-spouse who has become a public. If you were previously married for 10 years or more, you may be eligible to If you're eligible to collect benefits on your ex-spouse's record, you will no president and CEO of Francis Financial in New York City, sit down with. Despite the use of a formula, agreeing on alimony in NY in is still difficult! made from one ex-spouse to the other over a pre-determined period of time, based maintenance in New York is meant to assist with an ex-spouse's expenses.

There are other ways to distribute your pension benefit. These include, but are not limited to: Office of the New York State Comptroller.

D i Napoli. News Blog.

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Guide to Domestic Relations Orders. Share This Page: Other equitable distribution choices: A flat dollar amount.

A modification of the standard Majauskas formula see above. Parties can negotiate the factors of the Majauskas equation.

A share calculated as of a specific date. The date most commonly used is the commencement date of the divorce action.

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