How is military retirement pay calculated in a divorce?

How is military retirement pay calculated in a divorce?

Multiply 8.9% x the $4760 retirement, and the former spouse’s share under the old system comes to $425/mo. Compare that to the $175/mo the former spouse receives under the frozen benefit rule, and the new rule cost the former spouse almost 60% of the pre-NDAA retirement.

Is military retirement pay considered alimony?

Your share of your ex-husband’s military retirement is considered alimony, deductible by him and reportable by you. If he pays you directly, report it under Alimony Received interview, under Less Common Income.

Can I stay on Tricare after my divorce?

After a divorce, the sponsor remains eligible for TRICARE. The former spouse only remains eligible for TRICARE if he or she meets certain criteria. If not, the former spouse stays eligible up until the day the divorce is final.

Can my spouse kick me out of military housing?

Though a military spouse remains legally a spouse until until a civilian court has issued a decree of dissolution, that does not mean the spouse automatically can stay in military housing. A married member is entitled to military housing, so until the divorce is final, the family will not lose the housing.

What are military spouses entitled to?

Most also receive a variety of allowances, special pays and bonuses depending on things like deployment, paygrade and military job. For most married service members, those allowances include Basic Allowance for Subsistence (BAS) and Basic Allowance for Housing (BAH). Guard and Reserve pay work a little differently.

Do military get paid more if married?

Now that everything is official, you’re ready to make sure you are set up to receive benefits through the military personnel system. Although not known as “military marriage pay,” service members do receive a pay increase as part of their housing and cost-of-living allowances after they get married.

What is the divorce rate of a Navy SEAL?

around 95%!