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  2. Defense Finance and Accounting Service - Wikipedia

    en.wikipedia.org/wiki/Defense_Finance_and...

    The Defense Finance and Accounting Service (DFAS) is an agency of the United States Department of Defense (DOD), headquartered in Indianapolis, Indiana.The DFAS was established in 1991 under the authority, direction, and control of the Under Secretary of Defense (Comptroller)/Chief Financial Officer to strengthen and reduce costs of financial management and operations within the DOD.

  3. Military retirement (United States) - Wikipedia

    en.wikipedia.org/wiki/Military_retirement...

    Since the Second World War, the baseline of military retirement has been the 20-year retirement. Under such a program, service members have been eligible for retirement payments after 20 years of active duty. Service members received a defined benefit payment upon retirement, payable until the death of the beneficiary. The benefit received was ...

  4. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon time in service. Unlike other retirees, U.S. military retirees are ...

  5. The Best (and Worst) States for Military Retirees - AOL

    www.aol.com/best-worst-states-military-retirees...

    2nd Best: Florida. Florida is the best overall state for retirees. It also has 21 military bases, making it pretty easy for veterans to get to a VA hospital when they need medical care, and a slew ...

  6. Winning at retirement may come down to you dodging these 3 ...

    www.aol.com/finance/winning-retirement-may-come...

    Here's how. Here are three careless mistakes that could keep you from winning at retirement. 1. Overlooking inflation. Inflation could put a considerable dent in your nest egg — and ignoring or ...

  7. States That Don’t Tax Military Retirement in 2024 - AOL

    www.aol.com/states-don-t-tax-military-211818336.html

    Anyone who entered active duty before Sept. 8, 1980, is eligible for the Final Pay plan, which has a rate of 50% of the retiree’s basic pay plus 2.5% for each year of service after 20 years.

  8. Uniformed Services Former Spouses' Protection Act - Wikipedia

    en.wikipedia.org/wiki/Uniformed_Services_Former...

    The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military ...

  9. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    The Federal Insurance Contributions Act ( FICA / ˈfaɪkə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

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