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Redlegg
Carpal \'Tunnel

Reged: 10/05/06
Posts: 26677

Re: Eligible for any retirement pay?

04/02/09 09:43 AM

Miranda is correct, it depends on your BASD, under the redux plan a member earns 2% for the first 20 years. Under the older, and the newest plan, the member earns 2.5% per year. At 20 years that would be 40% and 50% respectively. Every year after 20 would be 3.5% percent under the redux and 2.5% for the other plans, both plans would pay 75% at 30. The 2.5% really only comes into play under the early reitrements that have been offered and may again sometime. Someone retiring at 10 years would only be eligible for 25% of their base pay. In any state, it is up to the judge dividing the assets. They are not locked into a specific formula or amount based on the length of the marriage. In your case (TX), the 7.5% is what the judge ordered. Orders can vary by court, judge or even district. There is wide discretion.

Post Extras

Entire topic
Subject	Posted by	Posted on
Eligible for any retirement pay?	jmgriffin1	04/01/09 02:30 PM
Re: Eligible for any retirement pay?	Clutch	04/01/09 03:45 PM
Re: Eligible for any retirement pay?	Miranda	04/01/09 05:17 PM
Re: Eligible for any retirement pay?	Clutch	04/02/09 08:56 AM
Re: Eligible for any retirement pay?	jmgriffin1	04/02/09 09:22 AM
Re: Eligible for any retirement pay?	Redlegg	04/02/09 09:46 AM
Re: Eligible for any retirement pay?	Clutch	04/02/09 11:22 AM
Re: Eligible for any retirement pay?	Redlegg	04/02/09 04:28 PM
Re: Eligible for any retirement pay?	jmgriffin1	04/03/09 08:47 AM
Re: Eligible for any retirement pay?	Redlegg	04/03/09 09:36 AM
Re: Eligible for any retirement pay?	jmgriffin1	04/02/09 11:33 AM
Re: Eligible for any retirement pay?	Redlegg	04/03/09 07:22 AM
Re: Eligible for any retirement pay?	jmgriffin1	04/02/09 11:28 AM
Re: Eligible for any retirement pay?	Redlegg	04/02/09 09:52 AM
Re: Eligible for any retirement pay?	jmgriffin1	04/02/09 11:23 AM
Re: Eligible for any retirement pay?	Redlegg	04/02/09 04:41 PM
Re: Eligible for any retirement pay?	Redlegg	04/02/09 09:43 AM
Re: Eligible for any retirement pay?	Redlegg	04/01/09 08:56 PM
Re: Eligible for any retirement pay?	Redlegg	04/01/09 09:11 PM
Re: Eligible for any retirement pay?	jmgriffin1	04/01/09 04:08 PM

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