Sentences with phrase «retirement pay»

If you receive military retirement pay — based on age or length of service — this income is taxable and is included in your income as a pension.

I can't imagine going into retirement paying $ 1500 a month in rent — which is what a decent apartment in my community costs.

Lawmakers voted not to borrow $ 26 million for police retirement pay.

I could use my savings to fund life until retirement pays out.

If you receive disability retirement pay as a pension, annuity or similar allowance for personal injury or sickness, you may be able to exclude these payments from your income.

While retirement pay is subject to distribution as marital property, disability benefits are not.

The funding fee does not have to be paid by veterans receiving VA compensation for service - connected disabilities, or who but for the receipt of retirement pay would be entitled to receive compensation for service - connected disabilities, or surviving spouses of veterans who died in service or from a service - connected disability.

good thing he scammed all those stupid people out of their retirement money, he can now pay for it himself

For legal separation situations or military divorces that need civil court representation, or involve contentious issues like division of assets (such as retirement pay), child / spousal support or child custody, it is best to contact a family lawyer.

No pension system has been hit harder than the FDNY's, whose pension costs have bal looned to nearly $ 1 billion a year, due to the deaths of 343 firefighters on 9/11, Ground Zero - related illnesses, and heavy overtime that has spiked retirement pay.

And their bosses — principals and administrators --- will see a ceiling of $ 132,120 as the portion of their pay used to calculate retirement pay.

In return, when the retiree dies, the surviving spouse or minor children get an annuity equal to 55 percent of the covered retirement pay.

Garnishment of VA disability benefits typically depends on the veteran's military retirement pay status.

Retirement pensions are considered property, and a federal law allows state courts to divide military retirement pay along with your other property.

Therefore, only the amount of disposable retirement pay the military member would have received before the disability is divisible in the divorce.

If the military member has started to receive retirement pay after he or she was placed on the disability retired list, it may be hard to determine whether the spouse can receive a portion of that pay.

Veterans who would be entitled to receive compensation for service - connected disabilities if they did not receive retirement pay.

If you are unable to garnish your spouse's disability pay because it does not qualify as payment in lieu of retirement pay, you may still be able to receive a portion of his benefits under the VA's apportionment program.

The game aims to instill three learning objectives: Save for retirement Pay down debt Manage current consumption Brian says, «I prefer Bite Club as a game - based learning day alternative, and as an anchor activity.

A major line of credit applied for in the middle of your transition might get turned down, but one applied for soon after taking military retirement pay or starting your next phase of employment has a much better chance.

Benefits such as retirement pay, severance and change - in - control pay (what the CEO stands to gain if the company is sold) will be spelled out.

In contrast, just 28 percent of those surveyed expected employer pensions, the next source of major income, to provide a main chunk of their retirement pay.

Because the extra pay is figured in when calculating a pension, employees are able to boost their retirement pay substantially.

US Attorney Preet Bharara has been targeting the retirement pay of legislators he's convicted, rightly calling it a «galling injustice» that crooked pols continue to collect cushy pensions until «their dying day.»

Those teachers have no guaranteed pension; their retirement pay is based on the performance of the investments they choose.

Others, like Hymethia Thompson, came out of retirement to teach, trading their retirement pay for a regular salary based on their education level and years of experience.

Under this program, a retiree forfeits 6.5 percent of «covered» retirement pay each month in premiums.

Don't be too excited to spend once you get your retirement pay.

When a veteran dies, his / her retirement pay stops.

Receiving unemployment will not affect your wages, but if you receive separation or retirement pay, your compensation amount may be lower.

It may be best to plan for either a few years prior to your retirement date, or after your benefits and retirement pay have started rolling in.

The retirement annuity for surviving spouses of servicemembers was also increased from 35 percent to 55 percent of the deceased's retirement pay, [21] and the retirement age for some members of the Reserve Component has been lowered to 60.

When a military retiree dies their retirement pay stops.

Like your retirement pay the SBP annuity is protected from inflation.

If you are a retiree you need to give serious thought to how you can protect your spouse from the hardships caused by the loss of your retirement pay.

I used all my savings and retirement paying those and my daily living expenses.

Any reductions in your retirement pay, including what's paid via survivor annuity under the Survivor Benefit Plan (SBP), should not be included in your income.

She responded, asking the court to divide the retirement pay.

Federal law allows military retirement pay to be part of the property divided between spouses in divorces in state courts according to Florida law.

With this new option, judges could retire and still «perform judicial duties, and their retirement pay could not be diminished.»

In an unpublished opinion, the Virginia Court of Appeals affirmed a Circuit Court judge's award of fifty percent (50 %) of a husband's net military retirement pay and spousal support where the wife was living on credit cards, social security, and food stamps.

SBP annuity and premium costs are indexed to retirement pay.

Other benefits include spousal support, health care, legal assistance, and retirement pay.

In addition, if the military member's retirement pay is reduced because he or she accepts VA disability compensation, only the remaining retirement pay is divisible.

However, if these conditions are not met, the member's retirement pay may be reduced by the amount he or she receives as VA disability compensation.

For military benefits, such as insurance or retirement pay, three factors will determine spousal eligibility:

he said his retirement pay will be 3500 / mo after taxes, which means he's at least on O - 4 making 7880 / mo Currently before housing and food allowances.