No, you do not pay Social Security tax on your retirement benefits.
No, you do not pay Social Security tax on your retirement benefits once you start receiving them.
There are such things as "honorary" promotions, which have no effect on retirement pay and benefits, but, generally speaking, the only way to truly be promoted within the military after retirement is to come out of retirement and go back into the military.
No, cause you're getting retirement pay.
Florida does not have a state income tax, so retirement pay, including pensions and Social Security benefits, is not taxed at the state level. However, federal income tax may still apply depending on the amount of retirement income and other factors.
Yes. If you work after retirement, your employer is still required to withhold 7.65% of your first $106,800 of gross income for FICA, and to pay a matching amount from company funds on your behalf.
Retirement benefits -- apex.
The retirement pay of an army major is not known as there is no standard rate of retirement pay. The pay is determined by the type of retirement plan that is chosen.
$41,880
Retirement benefits -- apex.
Congress appropriates money to pay the salaries of members of the House and the Senate.
In New York State, if you were on injured leave and received benefits, you typically do not have to "pay back" the time off before retirement. However, the specifics can vary based on your employment contract and the rules of your retirement system. It's best to consult with your HR department or a retirement system representative to understand how your injured leave impacts your retirement benefits.