NYC Fire Pension Provisions & Equalization Pitfalls In Divorce Settlements
In this 2-hour CLE Webinar, Denisa Tova, MBA, CFP, CDFA, CQS, Founder & CEO of TOVA QDRO & Retirement Valuation Consultants LLC, Hon. Cheryl A. Joseph, the Supervising Judge for Matrimonial Matters, Suffolk County Supreme Court, and Christopher J. Chimeri, Partner at Quatela Chimeri PLLC, will discuss how to avoid top mistakes in settlements, specifically a generalization of retirement assets, incorrect application of the Majauskas, and oversimplifying division of retirement assets with equalizations/offsets. Hon. Cheryl A. Joseph will explain what the Courts expect of the practitioners when dealing with retirement assets. Denisa will give an overview of the NYC Fire Department Pension Fund and highlight its key provisions, which are often missed in settlements.
- February 16, 2022
- 2:00 PM
- 4:00 PM
- Virtual Participation
2:00 p.m. – 2:10 p.m.
Welcome and Introduction
2:10 p.m. – 3:50 p.m.
Part I: What the Courts Expect From You During the Diligence Phase
a. How to Conduct the Right Level of Due Diligence and Avoid Wasteful Subpoenas
b. How to Identify Key Information from the Plan Statements for Defined Benefit Pension Plans and for Defined Contribution Plans
Part II: Highlighting the New York City Fire Pension and its Key Provisions
Part III: Thinking Outside the Box When Addressing Distribution of Retirement Assets in Settlement Negotiations
Part IV: How to Avoid Settlement Mistakes in these Areas
a. The Application of “the Majauskas”
b. Plan Loans
c. Equalizing and Offsetting
d. Identifying Retirement Assets
Part V: Resources
Recap, Retirement Asset Cheat Sheet, Case Law
3:50 p.m. – 4:00 p.m.
Questions and Answers
Denisa Tova-Liebman, MBA, CFP, CDFA, CQS
Founder & CEO of TOVA QDRO & Retirement Valuation Consultants LLC
Hon. Cheryl A. Joseph
Supervising Judge of the Matrimonial Parts
Court of Claims Judge and Acting Supreme Court Justice
Suffolk County Supreme Court
Central Islip, NY
Christopher J. Chimeri, Esq.
Partner at Quatela Chimeri PLLC
Garden City, NY
2.0 Credit in Areas of Professional Practice
- Speaker: Denisa Tova, MBA, CFP, CDFA, CQS, Tova QDRO & Retirement Valuation Consultants, LLC
- Panelist: Hon. Cheryl Joseph, New York State Supreme Court
- Speaker: Christopher J. Chimeri, Esq., Quatela | Chimeri PLLC
- Family Law Section
- Committee On Continuing Legal Education