The new Blended Retirement System (BRS) created under the 2016 Nation Defense Authorization Act is a retirement system that blends the traditional legacy retirement pension with a defined contribution to Service members' Thrift Savings Plan account. This new Blended Retirement System goes into effect on January 1, 2018.
Blue Star Families just released the 2017 Military Lifestyle Survey. The results found that the majority of service members and their spouses are satisfied with military life, but family cohesion is the top concern facing Massachusetts active duty servicemembers and their spouses. The time spent away from family was the number one issue they face, with child education and the impact of constant deployments residing near the top of their issues.
How would you describe your Massachusetts marriage? If you are currently considering a Massachusetts military divorce, you might say "it's complicated." When one spouse is receiving military disability pay, you might think this makes the divorce process complicated as well. It can be difficult to understand how military disability pay factors into your divorce. However, by obtaining basic information about the division of disability pay, you may be able to eliminate the phrase "it's complicated" from your divorce vocabulary.
Active duty military service members in Massachusetts, as part of their compensation, often times receive a monthly stipend for both housing and food. This monthly stipend consists of a Basic Allowance for Housing payment ("BAH") and a Basic Allowance for Subsistence payment ("BAS").
According to a recent analysis, workers in certain fields are seeing higher divorce rates by age 30. The highest divorce rate was for first-line enlisted military supervisors. They had a divorce rate of 30%. The occupation involves leading operations and coordinating the activities of enlisted military personnel.
When a Massachusetts parent serves in the military, their whole family is impacted by their service. Deployments and relocations present unique challenges that are faced each day by military families. For some, these challenges can take an enormous toll on the family dynamic. Moreover, military families who face a divorce may find that their situation becomes even more challenging. One parent's absence due to a military deployment plus the emotional weight of the divorce at home can be hard to navigate, particularly for children.
The current Reserve Component (RC) retirement is based on a combination of satisfactory years and points achieved each year. An RC member (that is, a member of the National Guard or Reserves) earns 15 points each year for participation, one point each day for two weeks of annual training and any other active duty time served, and points for weekend drills, performing funeral honors, and completing correspondence courses, depending on how many hours of work are performed. RC members must earn 50 points annually to have a satisfactory year.