The Restoring Pension Promises to Workers Act of 2007 would allow former spouses of federal employees to begin collecting their court awarded share of the pension benefits when the employees become eligible to retire.
Under current law both federal pension systems Civil Service Retirement System (CSRS) and Federal Employees Retirement System (FERS) allow for the division of pension benefits at divorce. However, neither plan allows a former spouse to collect the benefit until the employee actually retires.
The bill would allow the former spouse to begin taking his or her court awarded share of the benefit once the employee becomes eligible to retire, regardless of whether the employee actually retires.
Read Section 202 of the Restoring Pension Promises to Workers Act of 2007 [PDF]< Back