I am not exactly sure.....but I would guess that for a 20 year man that it would be around 2000$ a month?
Yes, Richard Marcinko was able to receive his military pension after his conviction. Although he was convicted of felony charges in 1992, his military pension was not affected by his criminal record. Military pensions are generally protected from forfeiture unless the service member is convicted of specific offenses related to their military service. Marcinko continued to receive his pension following his release from prison.
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.
The pension for a soldier with 17 years of service in the Indian Army, classified in the 'Y Group', typically depends on their last drawn salary and the applicable pension calculation rules. Generally, the pension is calculated as a percentage of the last pay drawn, with 50% being the standard for those who retire after 15 years of service. Additionally, factors like the soldier's rank and any applicable benefits or allowances can influence the final pension amount. For precise figures, it's best to consult the latest regulations or a financial advisement resource specific to military pensions.
The time it takes for an army pension to come through can vary based on several factors, including the country, the complexity of the individual's service record, and the specific pension plan. Generally, it can take anywhere from a few weeks to several months after the retirement application is submitted. It's advisable for service members to start the process early and ensure that all required documentation is complete to avoid delays. For specific timelines, checking with the relevant military pension office is recommended.
It depends on time of service, final rank and grade.
The Military Pension is clawed back at 65 whether or not you take CPP at any age or in fact even if you decide not to apply for CPP. It has to do with the amount of Military Pension contributions at the time when CPP was first brought about. In the wisdom of the political masters, it was felt that members could not afford to pay more pension per month on top of the CPP contributions. So expect to lose 25 to 30% of your current Military Pension at 65.
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.
Yes
no
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.
I am on widows pension and I work. How much can I earn.
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
Yes, you can double dip. It is not uncommon for someone to have a military pension and a postal service pension.