Are IRAs and pension accounts included?
Title 26 of the United States Code (26 U.S.C.) §408(a) defines an IRA as “a trust”. It is the Department of Public Welfare’s policy that IRA accounts are not subject to seizure through the PA FIDM Program. Such accounts should be reported in the quarterly match of assets through the PA FIDM Program and then attached for child support enforcement purposes by a Qualified Domestic Relations Order (QUADRO). Under the QUADRO exception, a domestic relations order may assign some or all of the participant’s pension benefits to a spouse, former spouse, child, or other dependent to satisfy family support or marital property obligations if, and only if, the order is a “Qualified Domestic Relations Order.
Title 26 of the United States Code (26 U.S.C.) §408(a) defines an IRA as “a trust”. It is the Department of Public Welfare’s policy that IRA accounts are not subject to seizure through the PA FIDM Program. Such accounts should be reported in the quarterly match of assets through the PA FIDM Program and then attached for child support enforcement purposes by a Qualified Domestic Relations Order (QUADRO). Under the QUADRO exception, a domestic relations order may assign some or all of the participant’s pension benefits to a spouse, former spouse, child, or other dependent to satisfy family support or marital property obligations if, and only if, the order is a “Qualified Domestic Relations Order.
