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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.
What else can I help you with?
What did knights most commonly trade military service for?
Most commonly for money and land.
How much money do you make in the military?
It all depends on what rank you are, and how long you've been enlisted in the service. Basic pay for the lowest level personnel - an E-1 with less than two months - makes approximately $1,294.50 a month. However, as you stay in the service more, you make substantially more money, upwards of $5,000 a month. Furthermore, if you need money quick, there are many third party loans sites such as Military Loans.com that offer loans for quite a lot of money to military personnel; I've included a related link to their website. Hope this helped!
Can I get a loan from the military if I am retired and enrolling in college?
Educational assistance is available at the GI Bill website www.gibill.va.gov. It contains information about the GI Bill, Tuition Assistance, and Veterans Educational Assistance. Yes you can. Learn more about the programs you qualify for by visiting this direct link: http://www.military.com/education/content/money-for-school/military-spouse-and-family-educational-assistance-programs.html
How much money does a military man get in a year?
It depends on a number of factors, such as rank, time in service, and pay grade. A brand new recruit on basic pay with the lowest pay grade makes about $1,294.50 a month, which comes out to about $12,000 and change a year. However, this salary increases exponentially over as your rank and number of months served increases. Plus, a perk to being in the military is that money is very easily accessible. For example, third party companies like military loans.com give out lots of money to military personnel; my friend got $5,000 from them to pay off his credit card debt! Hope this helped!
If you are a military contractor and you worked overseas is that considered as you serving time for the military?
Civilians work for money. Military personnel are serving their country...money comes second; that's why sometimes men are drafted...low pay, sometimes even no pay (it will be paid whenever the government can get the funds to the men/and or a place to spend it). Civilians can quit...up until the end of the Vietnam War, military men could NOT quit. It would be the stockade if they tried. Civilians are working FOR the military, FOR MONEY; they are not IN THE MILITARY (unless drafted). The ONLY benefit the military man will get will be retirement at age 38 or 39, if he joined the service at age 18. That will be far and above the average civilian who still working at age 62 thru 65. Military personnel pay now (hardships), play later (early retirement benefits). Civilian personnel play now (freedom to quit, freedom to make more money), PAY LATER (by working until they are in the 50's and 60's until they can receive a pension).
How do you earn money by a retired person?
A retired person may receive a pension. He may also continue doing some paid jobs.
What is money transfer service?
Money X
Knight most commonly traded military service for what?
Knights would most commonly trade military service for land known as fiefs from their sprawling estates.
What did knights most commonly trade military service for?
Most commonly for money and land.
How are commissions and tips alike?
Commission is money paid to a person or a company for making a sale. Tips is a small amount of money received by some service. They are both alike because money is paid to a person or company for their service.
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.
How does the UK government help retired people?
the retired get a constant amount of money depending on what jobs they did during their life and , consequently, how much they paid on national insurance tax throughout their life. If the person had a higher income then they are more likely to have paid a lot more money on insurance and so will have a higher retirement pay. Also, To help the retired, the Government give pensions or money for different problems. For example, over a certain age during winter if a person is struggling to pay their bills then the Government will give them a winter pension. In addition to the monetary matters, the Government also provides care homes for the retired, which will look after the retired.
Will railroad retirement benefits be affected by government shutdown?
Under a bill passed by congress and signed by the president, the military did receive their pay during the shutdown. And other federal employees are supposed to receive retroactive back-pay for the money they did not receive during the sixteen days the government was shut down.
How much money did the military pay for the pearl harbor memorial?
None. It is part of the National Park Service.
How much money does a sergeant make in retirement?
The pension for a retired sergeant can vary based on factors such as length of service, rank at retirement, and specific retirement plan. In general, a retired sergeant can expect to receive between 40-60% of their pre-retirement income.
Did the members of the Mormon Battalion receive land in Utah for service?
Not that I am able to find, but the money that they received for their military service was used to purchase land at what is called Ogden, Utah. About 20 square miles was purchased with Battalion money.
Is their a amount of money a retired person can make if he is on social securty?
Yes, retired individuals who receive Social Security benefits can work and earn a limited amount of money without affecting their benefits. This is known as the Social Security earnings limit. Once their earnings exceed this limit, their benefits may be reduced.
