Classification and Division of Particular Assets

Question 1

Retirement Accounts, generally

Answer 1

• The portion of the retirement account that accumulates during the marriage is marital property
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Question 2

Defined Benefit Retirement Plans (Pensions)

Answer 2

A defined benefit plan is a retirement account for which the promised benefit at retirement is calculated by a formula defined in the pension plan provisions.

There is a specified amount due the employee upon retirement according to the formula