The $100 Military Divorce Retirement Pay Error
- Do you understand the decree you are signing?
- What states can you file for divorce in?
- How will you know the designated agent actually added the COLAs to your division of retired pay?
- Do you care if there is a $100 error in your decree?
An error of $100 doesn’t sound too bad at first. When one realizes a blunder of $100 a month is actually $1,200 a year, which over 45 years results in a $54,000 error, (and this is before one has even considered adding the compounding growth potential of investing the figure), the seemingly small error amount has suddenly become a very costly mistake.
The personnel office, finance office, SBP counselor, judges, lawyers, and clients, are just a few involved at both divorce time and retirement time. They will all discuss their knowledge and opinions concerning how an issue should be addressed or how a form should be completed.
When one takes into account all the participants, codes, and regulations involved, it is understandable (but undesirable) that an error might be made during the writing, interpreting, or processing of the paperwork to enforce the final divorce decree.
Are there other issues that confuse you about military divorce?