IPERS QDRO Instruction Packet

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lump-sum benefit, or (Insert $) OR (#) percent of the Member’s gross monthly paymentat the time the Member begins receiving benefits if benefits are paid as a monthlyallowance. The total amount payable by IPERS to the Alternate Payee under this Order,including amounts expressly directed in this Order to be paid from monthly payments,refunds, death benefits, and dividends, as applicable, shall be aggregated and shall notexceed the amount of the marital property award pertaining to the Member’s IPERSaccount. The total dollar amount payable by IPERS to the Alternate Payee (shall or shallnot) include amounts payable from benefits accrued by the Member duringpostretirement periods of employment.If the Alternate Payee SHALL receive a share of the Member’s benefits accruedduring postretirement periods of reemployment under any of the above sharedpayment methods for a gross monthly or lump-sum payment, AND the alternatePayee has been awarded optional benefits, such as dividends or death benefits underoptional paragraphs 5A-5F, you MAY add the following sentence, if applicable:The Alternate Payee’s share shall be applied to all payments related to any benefits,including dividends and death benefits, and shall continue for the same period andbegin at the same time as provided in Paragraphs 4 and if awarded in optionalparagraphs in the Order.Effective May 8, 201316
Paragraph 4:4. If the Member receives a monthly benefit, IPERS will pay benefits to theAlternate Payee for the following period: (Insert an applicable period from below).Life of the Member.-OR-Until the sum certain specified in this Order has been paid.-OR-For the joint life of the Member and Alternate Payee (Contingent Annuitant) asallowed under an Option 4 or 6 joint and survivor annuity.-OR-Other:______________________________________________________________.NOTE: If “Other” is chosen, please state time period or method for determiningthe time period of payments. “Life of the Alternate Payee” or “Until the AlternatePayee remarries” is not acceptable.Effective May 8, 201317
Page 1 and 2: IPERS QDROInstruction PacketQDRO Ad
Page 3 and 4: IntroductionYou are likely reading
Page 5 and 6: If a Member is still legally marrie
Page 7: ____Require the Member’s lifetime
Page 11: Dated _____________________________
Page 15: Numerator Types:The numerator of th
Page 19 and 20: C. Form of BenefitThe Member shall
Page 21 and 22: -OR-Designation of Contingent Annui

IPERS QDRO Instruction Packet

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