This type of plan generally affords an Alternate Payee the ability to receive an immediate lump sum distribution (or withdrawal) upon approval of a QDRO. The Plan will establish a separate account for the Alternate Payee and will usually allow the Alternate Payee the opportunity to utilize investment opportunities that are available for other participants in the Plan. With this type of plan, the Alternate Payee is typically awarded a portion of the Participant's account balance as of a specific date, expressed as either a percentage, or as a specific dollar amount, by way of a Qualified Domestic Relations Order (QDRO). Some examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit-Sharing Plans. This type of Plan generally establishes an account for each individual Participant where a defined amount is being contributed by the Participant, the employer or both. This story has been updated to include a statement from USAA.USAA RETIREMENT SAVINGS PLAN is a DEFINED CONTRIBUTION PLAN. The family had filed a lawsuit alleging that the county's Department of Children and Family Services had disregarded more than a dozen reports of abuse from family members, teachers, counselors and police.Īnother couple was urged not to let their children visit one of their family members after it was revealed the person was using cold showers as a punishment for the children. Last October Los Angeles County approved a $32 million settlement for the baby's biological father and siblings. Recently, a mother and her boyfriend were found guilty of torturing and murdering her 10-month-old son earlier this month. Newsweek reached out to USAA Life via email for comment.Īccording to, five children are killed every day due to child abuse. The court documents also state that Stauch attempted to alter the life insurance plan so that Gannon Stauch's biological father was not a beneficiary to receive the funds. The lawsuit also names Gannon Stauch's biological parents, Al Stauch and Landen Hiott, saying that a court should decide where the money goes and that profit should not be made off of a "felonious killing." Bryan Kohberger Is a "really difficult client"-defense attorney.Did FBI miss chance to arrest suspected Zodiac Killer Gary Francis Poste?. Double murder suspect, 14, to be tried as an adult. Rebekah Nelson, a USAA Spokesperson, told Newsweek in a statement, "This is a tragic situation and USAA has given the proceeds to the court to determine the appropriate recipient of the life insurance policy." In that event, the Child Rider requires that the Death Benefit be paid to Gannon's estate." "Letecia was arrested for Gannon's murder in March 2020 and was charged with murder in the first degree, child abuse resulting in death, tampering with a deceased human body, and tampering with physical evidence.Thus, if this Court finds that Letecia feloniously killed Gannon, she will be precluded from receiving the Death Benefit. "The Child Rider specifies that USAA Life will pay the Death Benefit, 'to the Insured, if living' or 'to the estate of the Insured Child,'" the court document said. The lawsuit filed by USAA Life states that Stauch took out a life insurance policy, titled a "Term Life Insurance Rider for Children," in 2017, which would have provided her with $25,000 in the event that her stepson had died. Bullard have experienced as a result of the defendant's actions." Bullard could have had with their son," Judge Gregory Werner of the Colorado 4th Judicial District said during Stauch's sentencing hearing this month. Stauch, you betrayed the person you loved enough to marry, you told your husband lies and took away someone he loved. Stauch was sentenced to life in prison after she was found guilty of murdering Gannon Stauch in 2020 and placing his dead body in a suitcase before disposing of it. The lawsuit filed by USAA Life comes shortly after Stauch was found guilty of murdering her 11-year-old stepson earlier this month. In May 2023, USAA Life Insurance filed a lawsuit attempting to block Letecia Stauch from obtaining a life insurance policy she took out before murdering her son.
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