Divorce and Pensions in Collier County, Florida

What Will Happen To My Pension In My Naples, Florida Divorce?

Pensions are typically referred to as defined benefit retirement plans as they provide a guaranteed income according to a specific formula after retirement. Defined benefit retirement plans are differentiated from defined contribution plans like 401ks, 403(b), and IRAs.  Defined contribution plans have an actual number value of assets in them that can be cashed out…