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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]
The disability pension consists of two components. The first is a basic amount which is fixed to 9% of average wages (2,700 CZK in 2018) . The second components is a percentage amount from the average of previous wages. The percentage is determined individually from the number of insured years.
Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon ...
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The United States Social Security Administration (SSA) [2] is an independent agency of the U.S. federal government that administers Social Security, a social insurance program consisting of retirement, disability and survivor benefits. To qualify for most of these benefits, most workers pay Social Security taxes on their earnings; the claimant ...
The Michigan Office of Retirement Services (ORS) administers retirement programs for Michigan 's state employees, public school employees, judges, state police, and National Guard. ORS also provides various retiree healthcare benefits, including traditional insurance plans, Personal Healthcare Funds, and Health Reimbursement Accounts.
The Supreme Court decision resulted in the city owing more than $4 million in retroactive payments to 170 retired firefighters on duty disability, an average of about $23,700.
From 1979 to 1984, he paid $4,299 in Michigan income taxes on his federal retirement benefits. At the time, Michigan exempted its own retirement benefits from taxation. However, pensions paid by the federal government, other states, and private industry were only entitled to a $7,500 deduction. [7]