In an action for a divorce and ancillary relief, the defendant husband appeals from so much of a judgment of the Supreme Court that awarded the complainant wife an equal share of the net proceeds from the future sale of the marital residence and directed him to pay his wife $100 per week for her maintenance for a period of 10 consecutive years and $47.50 per week each child for the child support of each of the four infant children of the marriage. The said judgment also awarded the wife a one-third share of his net periodic retirement benefits accrued during the marriage and the sum of $2,204.18 as arrears owed by him pursuant to a previous court order. It also set forth a schedule for visitation of the parties’ children and awarded the wife $2,000 in counsel fees.
A New York Family Lawyer said the only marital assets of the parties were the marital residence and the defendant’s pension. In awarding the wife an equal share of the proceeds to be realized from the sale of the marital residence at the time the youngest child attains the age of 21 years or is sooner emancipated, Special Term effectuated the purpose and intent of equitable distribution. Although no testimony was presented as to the value of the defendant’s pension, Special Term properly awarded the wife a one-third share of that portion of the net periodic pension benefits attributable to employment during the marriage that the defendant will begin to receive at the time of his retirement. Since there were insufficient marital assets from which to derive a large lump-sum payment and various contingencies rendered the determination of present value difficult, this method of distribution was proper. However, because there was no evidence of when the defendant became a participant in his retirement plan, it was not possible to determine the length of time prior to the commencement of the divorce action that the defendant accumulated benefits.
A New York Child Custody Lawyer said the matter must be remitted to the Supreme Court to determine the commencement date of the defendant’s participation in his pension plan. This will enable the trial court to calculate the fraction by which the wife’s one-third share should be multiplied to determine the amount of her entitlement. The numerator of this fraction shall be the number of months between the time of the beginning of the defendant’s participation in his pension plan and the commencement of the divorce action, while the denominator will consist of the total number of months during which the defendant accumulated benefits.