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Federal Employees Retirement System - covers approximately 2.44 million full-time civilian employees (as of Dec 2005). [2]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 ...
The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:
A qualified domestic relations order (or QDRO, pronounced "cue-dro" or "qua-dro"), is a judicial order in the United States, entered as part of a property division in a divorce or legal separation that splits a retirement plan or pension plan by recognizing joint marital ownership interests in the plan, specifically the former spouse's interest in that spouse's share of the asset.
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However, her plans for retirement took an unexpected turn when she discovered the intricacies of the pension system. When she retired, Cosgrove's reduced payments affected her ability to pay bills ...
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In the first two months after the Civil Service Retirement Act took effect in 1921, more than 5,000 workers retired, some of whom were more than 90 years old. Thanks in large part to the work of NARFE’s founders, a 1926 law raised the amount of the annuities retirees received but also increased the amount deducted from the wages of current ...
Case history; Prior: United States v. One Parcel of Prop. Located at 508 Depot St., 964 F.2d 814 (8th Cir. 1992); cert. granted, 506 U.S. 1074 (1993). Holding; Forfeiture under §§881(a)(4) and (a)(7) is a monetary punishment and, as such, is subject to the limitations of the Excessive Fines Clause.