Divorce can be a complicated financial transaction. In addition to considering assets like real estate and joint investment accounts, you should consider any retirement accounts like those with Colorado PERA.
The terms of your divorce will determine if and how your PERA benefits will be divided. The division must be done by using a Domestic Relations Order (DRO). In a valid DRO, divorcing parties come to a written agreement on how assets in each applicable PERA plan will be divided. PERA’s Legal Department works with the divorcing parties and their lawyers to make sure the DRO paperwork is correctly completed before it is submitted to the court for approval.
If you’re considering using a DRO to divide your PERA benefits, contact PERA’s Legal Department at 1-800-759-7372 ext. 6271.