Vermont § 1946b - Alternate payee; domestic relations orders

§ 1946b. Alternate payee; domestic relations orders

• (a) As used in this section: (1) “Alternate payee” means any individual who is recognized by a domestic relations order
  as having a right to receive all, or a portion of, another individual’s payment rights
  in the System. (2) “Domestic relations order” means a judgment, decree, or order of the Family Division
  of the Superior Court issued pursuant to 4 V.S.A. chapter 10, concerning marital property
  rights that includes a transfer of all, or a portion of, a member’s or beneficiary’s
  payment rights in the System to an alternate payee. It also means a judgment, decree,
  or order from a court of competent jurisdiction in another state, concerning marital
  property rights that includes a transfer of all, or a portion of, a member’s or beneficiary’s
  payment rights in the System to an alternate payee. Domestic relations orders shall
  conform to the requirements of this section in order to be effective. A domestic relations
  order does not take effect until it is served on the System by certified or registered
  mail, return receipt requested. In the event that there is more than one domestic
  relations order, the order that is most recent in time and that has been served on
  the System will control. (b) A member’s or beneficiary’s rights in the System may be modified by a domestic relations
  order as provided in this section. (c) A domestic relations order shall contain all of the following elements: (1) the identity of the member or beneficiary and the alternate payee by full name, current
  address, and Social Security number; (2) the amount or percentage of the member’s or beneficiary’s benefits to be paid by the
  Board to the alternate payee and the date or dates upon which the calculation of payments
  is to be based; (3) the number of payments or time period in which payments are required to be made under
  the domestic relations order; and (4) each retirement plan to which the domestic relations order applies. (d) A domestic relations order shall not provide: (1) for a type or form of benefit, option, or payment not available to the affected member
  or beneficiary; (2) for an amount or duration of payment greater than that available to the affected member
  or beneficiary; (3) that payment of a retirement allowance commence before the member departs from service
  and commences to receive benefits; (4) withdrawal of the member’s contributions without the consent of the member and the
  alternate payee; or (5) any requirements that are contrary to the intent of this section. (e) A domestic relations order may provide for apportionment of post-retirement adjustments
  to the retirement allowance. (f) Payments to the alternate payee under a domestic relations order shall be limited
  to the life of the member or beneficiary. (g) An alternate payee’s rights and interests under this section shall not survive the
  alternate payee’s death and shall not be transferable by inheritance. (h) An alternate payee’s rights or interests acquired pursuant to this section are not
  subject to assignment, execution, garnishment, attachment, or other process. An alternate
  payee’s rights or interests may be modified only by a domestic relations order amending
  the domestic relations order that established the right or interest. (i) The Board, the System, its agents, and employees shall not be liable to any person
  for carrying out the terms and conditions of a domestic relations order. (j) The Board may adopt rules to implement this section. (Added 1995, No. 36, § 8; amended 2009, No. 154 (Adj. Sess.), § 238; 2021, No. 20, § 63.)