In response to the coveture fraction. What if I contributed to my 401k at a 5% rate during my “marriage” and have contributed at 20% rate post separation. Although you say the coveture fraction accounts for this, it really doesn’t if I have increased my contribution percentage - does it? Or are you saying the contributions post separation are separated and then the coverture fraction is applied???
I am confused since I have a premarriage contribution I am wanting to separate and a post marriage I am wanting to separate…
I could see where it worked perfectly with all things equal but not if I increased contributions.
Erin Clarey’s reply below:The coveture fraction works as follows:
Your ex’s entitlement is one half of the total martial portion of the retirement account. The coveture fraction is applied which is as follows: The total number of months employed divided by number of marital months (230) and the multiplied by 50%.
Any contributions you have made since you separated are separated and accounted for in the coveture fraction.