Legal Question in Family Law in New York

payment of pension funds

I will be retiring soon and will be recieving a $40,000.annual pension. I was divorced in 1987 after 15yrs of marraige and was empoloyed for 9yrs at the time of divorce. I was ordered to pay based on the following formula.. Wifes share= pension x 3.9 over total years of pension contributions...How much would this be based on the above figures????


Asked on 2/15/02, 6:14 pm

1 Answer from Attorneys
John Hayes The Law Office of John M. Hayes

Re: payment of pension funds

40,000. x 3.9 = 156,000. / 9 = 17,333.33

that's the "simple" math, based on what you've set forth.

But I sure don't claim to be knowing exactly what it means - - given what you've set forth.

Put otherwise, I suspect that there's at least one additonal 'aspect' to be factored in.

Regards, etc.,

J.M. Hayes

>>--> The foregoing amounts to musings and observations based on some years familiarity with the 'day-to-day' operation of the law with regard to the issues involved In The Most General sense; my remarks should not be thought of as "legal advice and counsel" in the formal sense of that phrase, since there is, in fact, no 'attorney / client' relationship existing between us. <-<<

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Answered on 2/17/02, 11:49 pm


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