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The following definitions are provided to help you understand terms we regularly use in our seminars, correspondence, and publications. These definitions are general, not technical, in nature. For detailed definitions, please see the Illinois Pension Code, Article 16.
Q
QILDRO, Qualified Illinois Domestic Relations Order
An order issued by an Illinois court that directs a retirement system to pay all or a portion of a pension benefit to a specified former spouse or other alternative payee. QILDROs are used to divide marital assets in divorce proceedings.
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