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FundsAtWork Umbrella Fund Divorce is a process where a member's retirement savings held in the umbrella fund are split or transferred due to divorce.
Both parties involved in the divorce, specifically the member and the spouse, are required to file for FundsAtWork Umbrella Fund Divorce.
To fill out FundsAtWork Umbrella Fund Divorce, both parties must provide the necessary information to the fund administrators, including details of the divorce decree and any agreements reached regarding the division of assets.
The purpose of FundsAtWork Umbrella Fund Divorce is to ensure that retirement savings are fairly and equitably divided between the member and the spouse following a divorce.
The information that must be reported on FundsAtWork Umbrella Fund Divorce includes details of the divorce decree, the amount to be transferred or split, and any agreements reached between the parties.
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