Is it appropriate to use the “Model” ADRO provided by the Retirement System?
Often crucial elements for the proper protection of the parties, and especially the alternate payee, are omitted. Model ADROs done by plan administrators may be self-serving to protect the plan’s interests rather than those of the participant or alternate payee.
Thus, a model is often not the best answer. A number of additional issues must be considered. Pension Analysis Consultants, Inc. (PAC) drafts a specially designed ADRO. The PAC actuaries have a reputation for developing ADROs that are compliant with state law, are in accordance with the plan’s procedural requirements and fully protect the client’s benefit as detailed in the Property Settlement Agreement or Divorce Decree.
Mark K. Altschuler, M.S., Actuary, is President of Pension Analysis Consultants Inc., of Elkins Park, PA. and has prepared over twelve thousand marital pension valuations and draft QDRO’s for counsel. He is well-versed in the complex arena of equitable distribution in marital dissolution matters. Mr. Altschuler, has over fifteen years experience as an actuary in the pension and property/casualty areas, and is an affiliated member of the American Society of Pension Professionals and Actuaries (ASPPA).
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