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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]
Since the Second World War, the baseline of military retirement has been the 20-year retirement. [6] Under such a program, service members have been eligible for retirement payments after 20 years of active duty. [7] [8] Service members received a defined benefit payment upon retirement, payable until the death of the beneficiary. The benefit ...
With life expectancy on the rise, preparing for a 20+ year retirement is more important than ever. Read Next: The number of ‘401(k)' Millionaires is up 43% from last year — Here are three ways ...
Stop-loss was created by the United States Congress after the Vietnam War. Its use is founded on Title 10, United States Code, Section 12305(a) which states in part: "... the President may suspend any provision of law relating to promotion, retirement, or separation applicable to any member of the armed forces who the President determines is essential to the national security of the United ...
Here are key factors to think about when considering retirement after just 20 years of work. Longevity planning : Estimate how long your retirement savings need to last.
The OPA also ended the practice of appointing Army officers into specific "branches [broken anchor]", giving the Army greater authority to move personnel to different functions and change organizational designs. OPA also authorized the services to grant voluntary retirement at 20 years of commissioned service. [5]
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