"Along with eliminating permanent alimony, the measure will set up a process for ex-spouses who make alimony payments to seek modifications to alimony agreements when they want to retire.
It will allow judges to reduce or terminate alimony, support or maintenance payments after considering a number of factors, such as “the age and health” of the person who makes payments; the customary retirement age of that person’s occupation; “the economic impact” a reduction in alimony would have on the recipient of the payments; and the “motivation for retirement and likelihood of returning to work” for the person making the payments.
Supporters said it will codify into law a court decision in a 1992 divorce case that judges use as a guidepost when making decisions about retirement.
But, as with previous versions, opponents remained concerned that the bill would apply to existing permanent alimony agreements, which many ex-spouses accept in exchange for giving up other assets as part of divorce settlements."
That’s great point. Not that my wife and I could afford it, but I told her just the other night that the only way I’d be a stay at home partner is if there was enough money so aside that if things didn’t work out, I’d still never need to work again.
Not advancing your career is a tough sell.