072-6 Wyo. Code R. §§ 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.
Notes
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