Which Plans Are Subject to a QILDRO
Which Plans Are Subject To A QILDRO
Qualified Illinois Domestic Relations Order or QILDRO is used to grant a non-participant interest in the participant’s interest in a retirement system under the Illinois Pension Code, pursuant to the Illinois Marriage and Dissolution of Marriage Act or IMDMA. Typically, this can only happen in the context of a divorce, but also, a legal separation or a dissolution of a civil union. It requires that one spouse or partner is or was employed and has interest in a public retirement system. These systems include the following:
- Illinois Municipal Retirement Fund or IMRF;
- Teachers Retirement System or TRS;
- State Universities Retirement System or SURS;
- State Employees Retirement System or SERS;
- Laborers’ & Retirement Board Employees’ Annuity & Benefit Fund of Chicago or LABF;
- Chicago Police Pension Fund;
- Firemen’s Annuity and Benefit Fund of Chicago;
- Public Schools Teachers’ Pension and Retirement Fund of Chicago or CTPF;
- Cook County Pension Fund;
- Police Pension Fund of Aurora, Franklin Park, Naperville, and other municipalities;
- Firefighters Pension Fund of Joliet, Rockford, Oak Lawn, and other municipalities.
All of the above, and funds of other towns and suburbs, are subject to the QILDRO.
