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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 service member. [3]
A veteran's pension or "wartime pension" is a pension for veterans of the United States Armed Forces, who served in the military but did not qualify for military retired pay from the Armed Forces. It was established by the United States Congress and given to veterans who meet the eligibility requirements. Along with payments, they are also ...
Courts have struggled to understand how to implement this. The result is that many times the military member's promotion enhancements, due to sole effort after the divorce, are divided to the ex-spouse. The Area Method is a straightforward method to equitably divide retirement pay in this situation for an Active Duty or Reserve retirement. [14]
“Ex-spouses who were married at least 10 years before divorcing may be able to collect survivor benefits up to 100% of their benefit amount even if the ex [was] remarried,” Sherwood said.
A federal law has forced nearly 122,000 disabled veterans to return lump-sum incentives they received to leave the military, according to new data obtained by NBC News.
The Military Spouses Residency Relief Act (MSRRA) signed into law on November 11, 2009, was originally introduced by Congressman John Carter (Texas) during the 110th United States Congress. The MSRRA was written to amend the Servicemembers Civil Relief Act (SCRA) to include protection of military spouses, with regards to voting, property and ...
Your ex-spouse might be able to help you feather your nest in retirement. Even better, there's at least one former-spouse benefit that you won't need to go to court to get access to: payment based ...
Tax credit equals $0.34 for each dollar of earned income for income up to $10,540. For income between $10,540 and $19,330, the tax credit is a constant "plateau" at $3,584. For income between $19,330 and $41,765, the tax credit decreases by $0.1598 for each dollar earned over $19,330. For income over $41,765, the tax credit is zero.