IPERS QDRO Instruction Packet

Drafting SamplesParagraph 3:Sample A: Straight Percentage Method3. IPERS is directed to pay benefits to the Alternate Payee as a marital propertysettlement under the following formula: (Insert a number) percent of the gross monthlyor lump-sum benefit payable at the date the Member begins receiving benefits. Thispercentage (shall or shall not) be applied to benefits accrued by the Member duringpostretirement periods of employment.Sample B: Service Factor Percentage Method3. IPERS is directed to pay benefits to the Alternate Payee as a marital propertysettlement under the following formula: (Insert a number) percent of the gross monthlyor lump-sum benefit payable at the date the Member begins receiving benefits,multiplied by the “service factor.” The numerator of the service factor is: (Insert one ofthe numerator types below). The denominator is the Member’s total quarters of servicecovered by IPERS and used in calculating the Member’s benefit. The service factorpercentage method (shall or shall not) be applied to benefits accrued by the Memberduring postretirement periods of reemployment.Effective May 8, 201314