Summary
The Court of Appeals of Virginia affirmed a pension award in a divorce proceeding that entitled the wife to twenty-five percent of the marital share of the husband's pension benefits as received, without a cap tied to the pension's stipulated present value. The court held that Virginia Code § 20-107.3(G) authorized this structure and that the award was consistent with Zipf v. Zipf.
Holdings
- A court may award a spouse a percentage of pension benefits as the benefits are received without imposing a dollar cap, subject to the statutory limitation that the payment may not exceed fifty percent of the cash benefits actually received by the other party.
- Zipf does not require a specific dollar cap when the pension payments will occur in the future rather than immediately.
Questions Presented
- Whether a court may award a spouse a percentage of pension benefits payable as received, without imposing a dollar cap based on the pension's stipulated present value.
- Whether Code § 20-107.3(G) or Zipf v. Zipf requires a specific dollar cap when the pension is not yet being received.
Disposition
affirmed
Cases Cited (1)
- Zipf v. Zipf, 8 Va. App. 387, 382 S.E.2d 263 (1989)(applied and distinguished)
Cited In (0)
No citing cases on record yet.
Court Document
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