Welcome to QILDRO, INC. All your QILDRO Questions Will Be Answered.

What Could Go Wrong? Timing, Location and Amount.

QILDRO, INC. is owned and operated by an attorney experienced in QILDRO’s offering reasonable flat rates for the whole process, from drafting the QILDRO, appearing in court, to providing the Plan Administrator with a certified copy. Allow us to precisely maneuver the steps to secure for you this very important asset. Many cases are completed for a reasonable flat-attorney fee

Please read-on to learn more QILDRO, INC., and the process, and feel free to contact us with any questions.

Attorneys and parties alike, are often stumped with what to do about diving Illinois Public Pensions. These pensions include Chicago and other municipal Police Pension Funds and Firefighters’ Pension Funds, Illinois Municipal Retirement Fund (IMRF), Chicago and other Municipal Employees’ Annuity and Benefit Funds, Cook and other County Employees’ Annuity and Benefit Funds, Forest Preserve District Employees’ Annuity and Benefit Fund, Chicago Laborers’ and Retirement Board Employees’ Annuity and Benefit Funds, State Employees’ Retirement System of Illinois (SRS or SERS), State Universities Retirement System (SURS), Teachers’ Retirement System of Illinois (TRS), Chicago Teachers Pension Funds (CTPF) and other plans (yes, there are more). While generally simple to divide, the division must be done in accordance with Illinois statute, and as with many things, it is simple to those that know, and there are precious few that do.

As I have been receiving calls from attorneys throughout the United States with questions about the QILDRO (at time written “QUILDRO”), I decided to create QILDRO, INC. We aim to be available to answer any questions before a Judgment for Dissolution of Marriage of Divorce Decree is entered, because once it is correctly entered, we can carryout the rest of the work for an affordable flat fee.

There are three (3) main concerns in cases of dividing an Illinois pension plan pursuant to a divorce. The first is to get the QILDRO entered quickly. Waiting for entry of the QILDRO invites interceding events that can affect the interests of the Alternate Payee (party intended to get a portion of the ex-spouse’s pension): the Participant can die or withdraw funds or get fired.

Second, if the parties live outside of Illinois when they get divorced, the other State’s courts cannot enter a valid QILDRO, and there have been instances of Illinois Judges refusing to enter a QILDRO for the former Illinois residents, arguing the Illinois has no personal jurisdiction over the parties.

The third point is setting the right amount. If a pension plan could not be divided or cannot be divided soon enough, what is a fair offset amount? Even if the plan can be divided, a QILDRO can be set-up to pay a specific amount, a specific percentage of the total or a percentage (typically 50%) of the marital portion, which is calculated using a formula, sometimes referred to as the “coverture” or “Hunt” formula, named after a seminal case on the division of pension benefits.

Learn more using the links at the top and contact me early in the process. You can complete our quick intake here.