Ads
related to: former spouse deduction military pension calculator
Search results
Results From The WOW.Com Content Network
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 annual pension is calculated by adding all of the person's countable income. Any deductions are then subtracted from that total. The remaining total is deducted from the maximum pension limit [4] (taking into account the number of dependents, spouse, etc.). This final number is the yearly pension; dividing it by 12 results in the monthly ...
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. Jurisdiction over a service ...
For premium support please call: 800-290-4726 more ways to reach us
Although many American corporations have done away with a traditional pension system, the U.S. military has not. If you've put in long years of service with the U.S. Armed Forces, you're entitled ...
For example, if spouse A is the primary claimer and their monthly benefit at their full retirement age is $2,000, spouse B (the person claiming spousal benefits) is eligible to receive up to ...