Ganzel v. GanzelGanzel v. Ganzel
- Reporters:
- ,
- Before:
- Gunther, Stone, Polen (per curiam)
The Appellant (“Former Husband“) appeals the trial court‘s order denying his petition for modification. The Former Husband argues the trial court erred in dеnying his petition because the parties’ settlement agreement does not permit Deferred Retirеment Option Program (“DROP“) benefits to accrue in favor of the Appellee (“Former Wife“) at the same time she is receiving alimony. We disagree and affirm.
ARTICLE II
DISTRIBUTION OF ASSETS AND LIABILITIES
G. Husband‘s Florida Retirement—as an employee of the Palm Beach County Sheriff‘s Office, the husband has a pension interest in the Florida Retirement System. The parties agree that the wife shall reсeive 50% of all benefits that have accrued from November 13, 1971 to July 10, 1991 (date of marriage through date оf filing petition of dissolution) to be payable to the wife pursuant to a Qualified Domestic Relations Ordеr. The parties agree to cooperate with the Division of Retirement in order to determine thе dollar value of those benefits.
ARTICLE III
Alimony
The husband is sixty years old and will be eligible for retirement at age 62. The wife will receive her interest in the Florida Retirement System Plan upon his retirement. The husband agrees to pay and the wife agrees to accept as and for alimony to the wife the sum of $500.00 per month commencing January 1, 1992 until such time as the wife dies or remarries, the husband dies or the wife becomes eligible for her interеst in the Florida Retirement System Plan, whichever shall first occur. (emphasis added.) Pursuant to the settlement agreement, the trial court entered a Qualified Domestic Relations Order (“QDRO“), which provided,
Beginning with the first monthly retirement benefit payment actually made to the Participant, DONALD KENNETH GANZEL, ... the sum of Seven Hundred Eighty Two and 79/100 ($782.79) Dollars will be dеducted therefrom, and from each monthly benefit payment there-after, and will be paid to the Alternаte Payee, ANNIE JANE GANZEL... as a deduction.... The Alternate Payee‘s monthly deduction payments shall be payable to her commencing on the date monthly retirement actually commences being paid to the Participant under the Florida Retirement System.
Although the Former Husband was eligible to retire at age 62, he continued to work. In 1998, the DROP came into existence. The DROP is a voluntary retirement program, in which a Florida state employee can elect to work and earn a salary for up to five years past normal retirement age while the retirement benefits that would have been paid had the employeе retired accrue in a fund and earn interest. See
The parties’ settlement agreement, coupled with the QDRO, provided that the Former Wife had a 50% interest in the Former Husband‘s Florida Retirement System Plan. These documents also provided that the Former Wife‘s 50% interest equaled the sum of $782.79 per month payable to her “commencing on the date monthly retirement actually commences
Once the judgment of dissolution, which incorporated the settlement agreement, was entered, marital property rights no longer existed and only individual property rights remained. See, e.g., DeSantis v. DeSantis, 714 So.2d 637 (Fla. 4th DCA 1998). Therefore, once the judgment of dissоlution was entered, $782.79 of the Former Husband‘s retirement benefits payable each month became thе Former Wife‘s property. See, e.g., Joyce v. Joyce, 563 So.2d 1126, 1127 (Fla. 1st DCA 1990) (stating that “pure property settlement agreements are nonmodifiablе absent consent of the parties“).
In this case, each party‘s interest in the Florida Retirement benefits are being paid into a fund and earning interest. Pursuant to the judgment of dissolution, the $782.79 is the Former Wife‘s individual property to which the Former Husband has no claim. Moreover, as long as the Former Husband is employed he must сontinue to pay alimony pursuant to the terms of the settlement agreement. Accordingly, we affirm the trial court‘s order denying the petition for modification.
AFFIRMED.
GUNTHER, STONE and POLEN, JJ., concur.