Appellant and appellee each sought a divorce from the other. The chanсellor granted appellant the divorce although he found both parties at fault. All jointly ownеd property was divided or sold and the proceeds divided. Appellant was awarded $150 a month alimony.. The chancellor denied her any interest in apppellee’s railroad pensions. On appeal she first contends that the chancellor erred in the division of the property in not allocating to her a portion of appellee’s vested benefits under his two pension plans. Appellant argues that since some benefits are absolutely vested, subject only to time of payment, a present property right exists because it will eventually be pаid to him or his beneficiaries or estate. Appellee is 50 years of age. He will not be entitlеd to receive his railroad retirement benefits until he attains the age of 65 or until an occupational disability occurs. In other words, none of the assets of the pension plans are presently available to him and will not be until he establishes retirement eligibility. It appears these рension funds are not assignable.
Although appellant insists that she is entitled to 1/3 of the presently vested portion of appellee’s pension funds in the division of their property rights, she recognizes our recent case of Fenney v. Fenney,
We do not consider the right to receive retirement pay from the armed forces to be personal property within the meaning of Ark. Stat. Ann. § 34-1214, supra. The right to a pension and retirement pay, not yet due and payable, cannot be assigned, sold, transferred, conveyed or pledgеd. See In re Marriage of Ellis,538 P. 2d 1347 (Colo. App. 1975).
Even so, appellant argues that we should reconsider this decisiоn on the question of pension funds constituting property when, as here, there is a vested right although payable in the future upon retirement, disability or death of the employee. As in Fenney we are cited to several decisions from other states which have community property laws. We аdhere to our decision. See also Lowrey v. Lowrey,
We do agree with appellant’s contention that the award of $150 a month alimony to her is insufficient. The amount awarded for suppоrt must, in each case, depend upon the particular facts of that case. Dean v. Dean,
We have not, and do not, approve a percentage of one’s income as a stаndard to be awarded as alimony, although we did note in Reagan v. Reagan,
Appellant’s attorney is awarded $500 for his services on this appeal.
Affirmed as modified.
