Tag: pension benefits

Dividing pension benefits in a Michigan divorce

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Dividing pension benefits in a Michigan divorce:  A pension plan is a contract for the payment of a fixed sum of usually following retirement.  The plans are also known as defined benefit plans because the fixed sum of money is a “defined benefit”. In a Michigan divorce, property acquired during the course of the marriage[…]

Michigan divorce law update: Dividing pension benefits

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Dividing pension benefits and divorce in Michigan:  A defined benefit plan is a pension where a retiree is entitled to collect a defined amount of money every month and is subject to division in a divorce. It is quite common for a spouse to be entitled to 50% of the benefit earned during the marriage.[…]

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