Bianco v. Bianco
Opinion of the Court
In a matrimonial action in which the parties were divorced by judgment dated March 19, 1996, the defendant appeals from an order of the Supreme Court, Queens County (Dorsa, J.), dated January 5, 2004, which granted the plaintiffs motion to resettle a qualified domestic relations order dated October 23, 1998, so as to conform it to the terms of the parties’ stipulation of settlement.
Ordered that the order is reversed, on the law, without costs or disbursements, and the matter is remitted to the Supreme Court, Queens County, for a hearing to determine the intention of the parties with regard to those portions of the stipulation of settlement which provided for the division of the plaintiffs pension benefits, and thereafter for a de novo determination of the plaintiffs motion to resettle the qualified domestic relations order dated October 23, 1998.
There are two recognized methods for the distribution of pension benefits, whether or not those benefits have vested (see Majauskas v Majauskas, 61 NY2d 481 [1984]; Neumark v Neumark, 189 AD2d 863 [1993]; Kyle v Kyle, 156 AD2d 508 [1989]; Buzzeo v Buzzeo, 141 AD2d 490 [1988]). Generally, the nonemployee spouse either will be given a lump sum payment discounted for present value or, in the alternative, a deferred distributive award consisting of a specific share of the periodic pension benefits which the employee spouse will receive in the
Case-law data current through December 31, 2025. Source: CourtListener bulk data.