Scottie Pippen’s ex-wife, Larsa Pippen, ‘got part of his Chicago Bulls retirement fund — and must be paid in cash’
Larsa Pippen reportedly received a portion of the Chicago Bulls retirement fund from her ex-husband Scottie Pippen.
The couple’s divorce was officially finalized in December 2021, after 24 years of marriage and four children together. They first broke up in 2016 before reconciling and splitting for good in 2018.
Now Larsa is about to cash in on a significant portion of the money Pippen accumulated in the retirement account during their marriage.
The Real Housewives Of Miami star, 48, has been recognized as an ‘alternate beneficiary’ of Scottie’s Chicago Bulls 401k Savings Plan Trust, Radar Online reports.
The court awarded Larsa “fifty percent” of what was in their bank account up to their divorce date. The couple got married on July 20, 1997 and their official divorce date is recognized as November 3, 2016.
Balls! Larsa Pippen reportedly got half of her ex-husband Scottie Pippen’s Chicago Bulls retirement fund
Scottie’s retirement account was considered common property of their marital estate.
He was with the Chicago Bulls from 1987 to 1998, before returning briefly from 2003 to 2004.
The blast reports that the amount would be paid to Larsa in a ‘cash lump sum’ and would be paid ‘as soon as administratively possible after approval of this order’.
It was signed by a judge on June 16, 2023.
The Blast also reports that the order appears to state that Larsa is ready to receive the full amount regardless of how much money is currently in the account.
‘To the extent that there are no assets in his account sufficient to satisfy the allocation benefit on the date a separate account is opened for (Larsa), the order should be interpreted as an allocation of 100% of ( Scottie’s) accrued account balance,” it says in the order.
Scottie has already agreed to pay Larsa an undisclosed amount of child support as part of their divorce settlement. They both share legal and physical custody of their children.
In terms of spousal support, they came to an agreement that has been kept private from the public.
Sports icon: Pippen was with the Chicago Bulls from 1987 to 1998, before returning briefly from 2003 to 2004; pictured with Michael Jordan in 1992
As they were: The Pippens pictured in 2016, the same year they broke up
New man: Larsa has now started dating 32-year-old Marcus Jordan, the son of Scottie’s Chicago Bulls rival Michael Jordan
The latest update comes less than a year after the exes revealed that Larsa would be the recipient of a portion of Scottie’s National Basketball Association Players’ Pension Plan, according to Radar.
When the finalization of their divorce was announced, attorney David J. Glass told Us weekly in a statement, “I can confirm that Scottie and Larsa Pippen are now divorced and the divorce was finalized on December 15, 2021.”
Glass continued, “All issues were resolved amicably. The parties are now focusing on successful co-parenting of their remaining minor children.’
“Larsa is relieved that the whole process is over and is happy that she and Scottie have managed to keep their personal lives largely private,” Glass said. Hollywood Life.
Larsa has since moved on romantically since her divorce from Scottie. In a surprising move, she has started dating 32-year-old Marcus Jordan, the son of Scottie’s Chicago Bulls rival Michael Jordan.