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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]
If retirement pay is determined to be at least partially a marital asset, DoD Regulation 7000.14-R Para 290601(C) (backed up by 10 USC 1447-1455) requires that division orders specify a dollar amount of award or a percentage of retirement pay with no offsets or set asides.
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.
A 2022 study published in the Journal of Gerontology found that, from 1990 to 2010, the divorce rate for adults 65 and older has nearly tripled; among adults ages 50 to 64, the divorce rate per ...
“The 10-year mark is important because it allows you to claim a spousal benefit if it would pay you more each month than your own. ... [divorce] can affect your retirement savings is through ...
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Military retirement pay is calculated on number of years on active duty, final pay grade and the retirement system in place when they entered service. Members awarded the Medal of Honor qualify for a separate stipend. Retirement pay for military members in the reserve and US National Guard is based on a point system. [4]
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