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A servicemember who has served 20 years is entitled to receive a military retirement. Per the Uniformed Services Former Spouses' Protection Act. [4] State courts may but are not required to divide a servicemember's “disposable retired pay” upon dissolution, according to that court's domestic relations laws.
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
If the divorce was finalized at least two years ago, a spousal benefit can be claimed regardless of whether the ex-spouse has filed for a retirement benefit. 5. You can get an estimate of your ...
Getting divorced can throw a wrench into your financial planning. And if you're already retired, it might feel like your safety net is falling away. The good news is that there are a number of...
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