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It works like an old-style pension, rather than a 401k. There's no explicit contributing to it. It's just part of the compensation that if you serve >=20 years and retire, you get retirement pay (which is a percentage of your last active-duty pay).
Members of the military do have the option to contribute to a Federal Thrift Savings Plan, which is just an Individual Retirement Account but with a higher yearly contribution limit (as with an IRA at a bank, contributions aren't taxed until withdrawal). This is unrelated to military retirement pay though; all federal employees can set up a Thrift Savings Plan.
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Can military retirement pay be garnished?
Can my military retirement be garnished by a non-government agency? Can my military retirement be garnished? military retirement pay can be garnished through the government. It can be garnished like everyone else's pay, through the courts at any level.
What is a military hospital?
A hospital located on a military base which take care of military personnel, their dependents, and retired personnel.
Captured military medical personnel are?
retained personnel
What is an appropriate gift for someone leaving for the military?
Retirement is one of life's achievements, it might symbolize the end but it also symbolizes accomplishment and success. Giving such a retirement plaque is a way of commemorating Someones hard work in his service for many years. It is also a way of honoring a retiring member of an organization particularly in Military units and government personnel. Retirement plaques are work of art that is made with the finest wood materials. It is usually given as a reward or a retirement gift to the retirees of Military and Government personnel as a sign of appreciation for serving the country. Having a Retirement plaque is equivalent to a great commitment and dedication. If you are looking for a Retirement Plaque -- for Air force, Army Coast Guard, U.S. Marine Corps, U.S. Navy or for any department of the US Government,. You can also personalize your chosen plaque by adding name of the person, symbols, emblem and his rank.
How does US contribute to un peacekeeping?
The USA currently contributes 116 police and military personnel to World peace-keeping. This places it at 113 on a list of 117 countries.
What are the movements of personnel?
I think those are the PROMOTIONS, PERSONNEL APPRAISAL OR EVALUATION, RETIREMENT and if I were not mistaken, BENEFITS are also included.
Where would I find the early retirement age for the military?
There are several websites that have information about early retirement age for the military. Check these websites, usmilitary.about.com, and opm.gov/retirement.
How did the us government fulfill the need for military personnel?
The US government fulfilled the need for military personnel by introducing additional Commissioned Corps personnel.
What are captured medical military personnel considered?
Retained Personnel
Is it illegal to mortgage your spouses' retirement?
This is their retirement, not yours. It is for retirement and so you would need to evaluate if you are considering something that will contribute to their wellbeing.
Is there any military base of America in Russia?
No there is not. The only military personnel I know of are the Marines who are on security duty at the American Embassy.No there is not. The only military personnel I know of are the Marines who are on security duty at the American Embassy.No there is not. The only military personnel I know of are the Marines who are on security duty at the American Embassy.No there is not. The only military personnel I know of are the Marines who are on security duty at the American Embassy.No there is not. The only military personnel I know of are the Marines who are on security duty at the American Embassy.No there is not. The only military personnel I know of are the Marines who are on security duty at the American Embassy.
How big is Portugal's military?
Active personnel: 44,900Reserve personnel: 210,930
