NJ Divorce Law Questions: Can You Stop Paying Alimony when You Retire?
The NJ alimony statute, effective September 10, 2014, addresses the issue of termination of alimony in light of a payor’s retirement. The new NJ Alimony Reform Retirement allows a person to make an application based upon prospective retirement; whereas, the prior law required actual retirement. In addition, there is now a rebuttal presumption that alimony ends when the person who is paying alimony reaches retirement age. The presumption may be overcome upon consideration of the following factors and for good cause.