dividing retirement accounts in divorce

Dividing Retirement Accounts in Divorce in Illinois

Whether you are about to get divorced, are in the process, or have already divorced, dividing retirement accounts in divorce properly is important and can be a little confusing.  It can also be difficult dealing with the third-party agencies that handle the pension or retirement accounts.

For starters, Illinois is an equitable division State which means that the marital portion of a person’s pension or retirement account will most likely be divided equally absent extenuating circumstances.  Under Illinois divorce and retirement benefits laws, a judge may do an unequal division if one party has a disproportionate amount of non-marital funds such as a non-marital property or large inheritance.  Absent these circumstances, the judge will divide the marital portion equally.

QDRO Required for Dividing Retirement Accounts in Divorce

Secondly, your judgment will have to reflect the division of the pension or retirement at division and any other necessary information such as survival benefits, specific formulas, etc.  It should also reflect which party will be responsible for preparing and entering the order that will effectuate the division, also called a Qualified Domestic Relations Order (QDRO) or Qualified Illinois Domestic Relations Order (QLDRO).

A QDRO or QLDRO is a separate order that needs to be entered and certified by the Judge with specific legal language regarding Illinois divorce and retirement benefits. It should include your date of marriage, date of divorce, and the percentage awarded for each party.  It should also include any other permissive and non-permissive options and any survivor or death benefits.  This process may take a little while as there may be some back and forth between the attorney preparing the QDRO and the agency.  Once it has been approved by the agency and the order has been entered by the judge, then the order should be sent to the agency for processing.

Once the order is entered, talk to the individual agency regarding the benefits and restrictions provided by the agency.  You may be entitled to a lump sum payment now, or you may have to wait until your ex-husband is in pay status before you can collect.  Talk to an attorney if you have any questions regarding illinois divorce and retirement benefits.

Anderson and Boback are experienced divorce attorneys in Chicago, with knowledge of properly dividing retirement accounts in divorce.  Contact us today for a confidential consultation and to learn more about Illinois divorce and retirement benefits.

You May Also Like

  • Download our Divorce Planning Guide today!
  • Download our Divorce Planning Guide today!

    Get the information you need to prepare for divorce with our free resource Guide to Planning for Your Divorce.

    click to download now!

What Our clients are saying

Excellent - I highly recommend Kimberly Anderson. She is knowledgeable, assertive, and experienced. What impressed me most about Kim is her dedication. I was able to reach her whenever there was a problem. She always responded immediately, proposed a solution, and put me at ease. The entire legal team at Anderson & Boback is superb.

Lisa March 29, 2018

  • Why Choose Anderson & Boback ?

  • ASLA Badge - Kimberly Anderson 2018
    BBB A+ Badge
    lawyers of distinction badge
    AVVO 10 Rating badge - generic
    Super Lawyers Generic badge

Schedule a Discreet Consultation Today!



  • firm overview Anderson & Boback

  • Anderson & Boback is a highly-respected, experienced Chicago family law firm, skilled in negotiation and litigation. When divorce and other family law issues make your life chaotic and uncertain, you want your case resolved as quickly and fairly as possible. Call Now 312-715-0870