Retiree COLAs vs. Servicemember Pay Increases

Military retirees receive cost-of-living adjustments or COLAs. Servicemembers still serving receive annual pay increases. Let's look at the differences.

The law on Retiree COLAs is found in Title 10 U.S. Code § 1401a, Adjustment of retired pay and retainer pay to reflect changes in Consumer Price...

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How is Disposable Retired Pay Calculated?

The Uniformed Services Former Spouse Protection Act (USFSPA), codified at  10 U.S.C. § 1408, grants State Courts the authority to treat only "disposable retired pay" as marital property in military divorce.  Many Servicemembers equate "disposable retired pay" with their "net pay."  That is incorrect.  "Disposable retired pay" is determined before retired...

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What is an Inventory and Appraisment?

An Inventory and Appraisement (I&A) is required by Courts in any final hearing that involves division of marital property and confirmation of separate property at divorce.  An I&A conveys three important elements of information about each asset or debt, as follows:

It IDENTIFIES the assets and debts (e.g., a home, ABC Bank...
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Divorce During Bankruptcy: Possible or Not?

Is it possible to get divorced while one or both spouses are in the midst of a bankruptcy proceeding?  Yes, but there are limitations.

Those familiar with bankruptcy law, which is detailed in Title 11 of the United States Code, know that upon the filing of the bankruptcy application, an "automatic stay" goes into effect.1 ...

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