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Will your ex wife be entitled to your retirement pay if you are both military service members?
Wiki User
∙ 14y ago
Perhaps, but than so would you have a claim on hers.
Wiki User
∙ 14y ago
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Does 18 years of military service garentee retirement?
I am 60 years old with 18 good years of military service and i would like to know if i will be able to get any retirement?
When do Tier 3 members reach full retirement benefits?
Tier 3 members of the retirement system typically reach full retirement benefits at age 63 with 10 years of credited service, or at age 65 with 5 years of credited service.
What are uniformed service members in the military called?
Uniformed service members in the military are commonly referred to as soldiers, sailors, airmen, or marines, depending on their branch of service. They all share the common goal of serving and protecting their country and are subject to military discipline and regulations.
Is attendance at a military service academy considered active duty after 20 years of regular service?
No, attendance at a military service academy is not considered active duty service. To be eligible for retirement benefits after 20 years of service, you must have served on active duty. Time spent at a service academy does not count towards this requirement.
Where can I learn about the navy retirement calculator and how can I qualify for retirement?
A Military Retirement Calculator extimates retired pay during retirement years. The rates of retired pay depends on the the years of service. Most retirements are after 20-30 years of service.
As of December 31 2017 reserve component service members with fewer than 4320 retirement points will be?
grandfathered into the legacy high-3 retirement system and are eligible to opt into the BRS
Can you convert your retired military time to your federal retirement?
Many have worked as civilians for years under the mistaken assumption military service is automatically credited toward civil service retirement. This is not true; if you want to convert you must crack open that wallet. While it's not mandatory for civilians to buy back active duty time, for many people, it is a good idea to buy back time, but for others, it may not be a good investment.Employees covered under the Federal Employees Retirement System (FERS) may receive credit for post 1956 military service only if he or she deposits with the employing agency a sum equal to three percent (3%) of the military basic pay he or she earned during the period of military service, plus interest.New civilian employees with active duty service have three years to buy back their time without interest. After that, the government charges interest on the money that needs to be paid back to buy retirement time. Therefore, it is best that employees request the amount of military earnings soon after beginning work. Employees then know how much the deposit is and can choose to pay it before interest begins accruing.However, if an applicant like you has retired from the military service, an important decision needs to be made between two retirement options:1. Combine military and civilian careers into one civilian retirement and forfeit military retirement. This decision also requires making a military service credit deposit of 3 percent of military base pay (Federal Employees Retirement System) or 7 percent of military base pay (Civil Service Retirement System) plus interest on military service credit deposits.2. Retire from CSRS or FERS using only civilian federal service and continue receiving a separate military retirement benefit.A decision to use military service toward a civilian retirement would not affect Social Security retirement benefits. The decision to combine careers into one retirement also would not alter other military retirement perks such as health care and commissary privileges.Generally, an employee must waive military retired pay in order to receive credit for military service in the computation of the CSRS or FERS annuity, unless he or she is:1. Retired from civilian service after Sept. 30, 1982, and has military service that was not used in the computation of military retired pay -- for example, four years at one of the service academies such as West Point or the Naval Academy in Annapolis.2. Receiving military retired pay awarded:On account of a service-connected disability incurred in combat with an enemy of the United States;On account of a service-connected disability caused by an instrumentality of war and incurred in the line of duty during a period of war; orUnder provisions of 10 U.S.C. 12731-12739 (retired pay under Chapter 1223 for members of the reserves).The decision depends on the financial impact of keeping the careers separate or combining them. However, someone with military retirement pay, like you, would probably be better off keeping your military retirement pay, as you can't double dip without it affecting one of the retirements.But first, meet with your agency retirement section to do the arithmetic and figure out how this decision would affect your military retirement check.If you choose to "buy back" military service time for civil service retirement, former military members must get their estimated earnings from the appropriate finance center.Employees must use a separate request for each branch of service. They attach a copy of their DD Form 214 or equivalent and any available records of pay or promotions to the Request for Earnings during Military Service form provided by their civilian personnel office. If they do not have a DD Form 214 or equivalent, they can get a Standard Form 180 from their personnel office and have their service verified before forwarding the request form to the pay center.Soon after, prepare to write a lump sum check or have incremental withdrawals from your paycheck.
Which of the following are advantages to Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan?
Service members who participate in the Blended Retirement System with respect to the Thrift Savings Plan benefit from matching contributions from the government, portability of funds upon separation from the military, and the option to contribute their own funds to further grow their retirement savings.
What military pension mean?
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.
Why opt onto the BLended retirement system?
The Blended Retirement System offers a matching contribution to the Thrift Savings Plan, a defined contribution retirement savings plan for federal employees. It also provides a portable retirement benefit for service members who may not stay in the military for a full 20 years. Overall, the Blended Retirement System can offer greater flexibility and potential for retirement savings compared to the traditional system.
Can service members who report they were sexually assaulted are eligible for the service of a military attorney?
yes
Do military service members serve a tour of duty?
Yes
