072-6 Wyo. Code R. § 6-4

Current through April 27, 2019
Section 6-4 - Definitions

(a) "Alternate Payee" means a spouse, former spouse, child, or other dependent of a member or retiree who is recognized by a domestic relations order as having a right to receive all or a portion of the benefits payable by the Wyoming Retirement System with respect to such member or retiree.

(b) "Domestic Relations Order" means any judgment, decree, or order, including approval of a property settlement agreement, which relates to the provision of child support, spousal support, or marital property rights to a spouse, former spouse, child, or other dependent of a member of the Wyoming Retirement System, is made pursuant to a valid domestic relations law, and which creates or recognizes the existence of an alternate payee's right to, or assigns to an alternate payee the right to, receive all or a portion of the benefits payable to the member of the Wyoming Retirement System.

(c) "Qualified Domestic Relations Order" means a domestic relations order which creates or recognizes the existence of an alternate payee's right, or assigns to an alternate payee the right, to receive all or a portion of the benefits payable with respect to a member or retiree under the Wyoming Retirement System, which directs the Wyoming Retirement System to disburse benefits to the alternate payee, and which meets the requirements of Chapter VI of these rules.

(d) "Account" or "member account means the member's contributions paid by an employer under W.S. 9-3-412 and any amounts transferred to the system from a terminated system on behalf of the member, plus interest compounded annually at a rate determined by the board not to exceed the average annual investment yield earned on the assets of the system.

072-6 Wyo. Code R. § 6-4