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KunsanVeteran · M
Here are my answers:
1. Old age pension: this is primarily Social Security and is based on your top 30 earning years. I have elected to start my SS at age 70 which results in increasing my annuity by approximately 8% per year for three years. I will earn the maximum cap for SS due to the amount I contributed.
2. Unemployment— N/A
3. Maternity— N/A
4. Pension to veterans: rank based (medical retirements handled differently), based on your top three years salary for the highest rank you honorably served at. Beyond 20 years, your pension increases 2.5 % of your base pay at your top three years. Specialty pay and bonuses do not figure in.
5. Pensions for government servants— N/A
1. Old age pension: this is primarily Social Security and is based on your top 30 earning years. I have elected to start my SS at age 70 which results in increasing my annuity by approximately 8% per year for three years. I will earn the maximum cap for SS due to the amount I contributed.
2. Unemployment— N/A
3. Maternity— N/A
4. Pension to veterans: rank based (medical retirements handled differently), based on your top three years salary for the highest rank you honorably served at. Beyond 20 years, your pension increases 2.5 % of your base pay at your top three years. Specialty pay and bonuses do not figure in.
5. Pensions for government servants— N/A