Looking for a Oklahoma Legal Forms And Templates? Download it for free!

INSTRUCTIONS FOR COMPLETING THE QUALIFIED DOMESTIC ORDER FORM :

HEADING:

Line 1 - 2: Identify the County and State of the Court that issued this QDO.

Line 3 - 4: Identify the Petitioner and Respondent

Line 5: Identify the Case Number that references this Qualified Domestic Order

SECTION I: RECITALS

A. Identifies the OTRS 401(a) Retirement Plan as marital property to be divided for QDO..

B. Indicate whether the Petitioner or the Respondent is the Member of OTRS.

C. To be a valid QDO, it must be at least 30 months from date of marriage to the current date.

D. Complete the information requested on the line above the identified areas. The names of the

member and alternate payee must be on this page; however, you may provide the social

security numbers and mailing addresses on a separate document.

SECTION II: ALTERNATE PAYEE AWARD

A. Marital Property Subject to Division. This identifies the timeline/period of the marriage

applied to the retirement account to be divided. The percentage amounts listed in B & C

(below) will be applied to the value of this account outlined in this paragraph.

B. Death/Withdrawal (Lump Sum Award

). If the dollar amount ($___) is completed, then the

award amount listed is payable to the Alternate Payee if member terminates employment and

withdraws the account. If the percentage amount (___%) is completed, this percentage

amount will be applied to sum the remittances accrued during the term outlined in II.A

(above) and the interest accrued will be calculated on date of death or withdrawal. If both

dollar amount and percentage is completed in this paragraph, the lesser of the two shall apply.

If this paragraph is not completed, the Alternate Payee receives nothing if the member

decides to withdraw the account or if the client dies before retirement.

C. Retirement (

Monthly Payment Award

). If the dollar amount ($___) is completed, then that

dollar amount will be the gross payable monthly benefit to the alternate payee. If the

percentage amount (___%) is completed, the percentage amount will be applied to the

lifetime monthly benefit earned during the term of marriage outlined in II.A. (above). If both

dollar amount and percentage is completed in this paragraph, the lesser of the two shall apply.

If this paragraph is not completed, the Alternate Payee receives nothing if the member

decides to retire and draw monthly retirement benefits for life.

C.1 Check this item if Alternate Payee will receive payments for the lifetime of the member.

C.2 Check this item if Alternate Payee is to receive a limited number of payments. Write

only whole numbers to indicate the number of monthly payments payable to Alternate Payee.

C.3 Check this item if monthly payments are made until a sum certain amount has been paid.

Write in the dollar amount at which monthly payments to the alternate payee cease.

Page 1 of 2

Marital Property Valuation - 401(A) Defined Benefit Account - Oklahoma Teachers Retirement System Page 5