I am not exactly sure.....but I would guess that for a 20 year man that it would be around 2000$ a month?
A military pension is a monetary benefit/entitlement that is earned after a minimum of 20 years of military service. It is based on final paygrade, length of service and retirement plan elected.
Yes, you pay state and federal taxes on the pension.
Colonel General Erich Hoepner was stripped of his pension and demoted to Private by Hitler for defying his no retreat from Moscow order. Hoepner appealed to the Military courts and had his pension restored and retired. Always an active conspirator against Hitler, his was put on trial after the 1944 attempt on Hitler and was hanged.
I could be wrong about this, but it is my understanding that once you retire the military stops paying you. However, I know for a fact that you get pension and a ton of federal benefits, all which can be found at www.va.gov which is the government's veteran's association. Also, lots of third party companies like militaryloans.com, for example, offer great loans at low rates to retired military personnel, so something like that is definitely worth checking out.
yodaddy and moma
It depends on time of service, final rank and grade.
Yes, all pension benefits both military, SS, private, etc. can be garnished for child support.
No you are not entitled to it , as it is his pension.
yes
A military pension is a monetary benefit/entitlement that is earned after a minimum of 20 years of military service. It is based on final paygrade, length of service and retirement plan elected.
no
Yes
No, a military pension is separate from CPP. Your military pension will not be clawed back if you choose to take CPP at age 60. However, your CPP may be reduced if you start taking it before the age of 65, but this will not affect your military pension.
Yes, military pensions are considered taxable income in the United States. Just be sure what you are receiving is actually a pension payment and not a compensation payment, which is not taxable.
Technically it's military "retirement pay," not a pension. Check this out for an example of the complexities (albeit in New York): http://www.divorcenet.com/states/new_york/military_divorce_and_pensions
I am on widows pension and I work. How much can I earn.
Yes, you can double dip. It is not uncommon for someone to have a military pension and a postal service pension.