What is retirement pay? Is it property? Is it income? How does one disburse it among divorced people? When do you fix the value/percentage/total? Well, in Texas, we have a great rule, sort of, based on Berry v. Berry.
The basic formula for computing retirement disbursement between divorced spouses is as follows:
You take 1/2 (or whatever the judge deems fair and proper) of the total number of months the spouses were married divided by the total number of months in the retirement plan and then multiply that by the value of the monthly payment at the time of divorce. I will leave it to all of y'all to discuss how fair or sensible this is; maybe I'll do a little more later.
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