Larsa Pippen has been awarded 50% of her ex-husband, Scottie Pippen’s, Chicago Bulls 401k savings plan trust, according to court documents.
She will be listed as an “alternate payee” as the account was found to be community property of the marital estate.
According to reports, the amount was to be dispensed to Larsa in a “cash lump sum” as soon as possible following the approval of this order.
The agreement was signed on June 15, 2023.
The order was signed by a judge on June 16, 2023.
The filing states Larsa will receive 50% of all account balances as of the plan valuation date closest to the parties’ date of marital separation.
Their date of separation was November 3, 2016.
The order also states that Larsa is to receive the full amount, no matter how much money is currently in the account.
To the extent, there are no assets in his account sufficient to satisfy the assignment benefit on the date a separate account is established for (Larsa), the order should be interpreted as an award of 100% of (Scottie’s) vested account balance.
The court determined that Larsa has an interest in all funds Scottie added to the account from their marriage in 1997 to their separation in 2016.
Scottie Pippen played with the Chicago Bulls from 1987 to 1988, and he made a return to the team from 2003 to 2004.
Their divorce was finalized on December 15, 2021.
Scottie agreed to pay an undisclosed amount in child support as they have two minor kids and two adult sons.
The terms of their spousal support deal were sealed from the public.
Scottie and Michael won six NBA Championships together with the Chicago Bulls.