Divorce: Splitting Up a Rich Military Pension

Dividing retirement plans in a divorce is never easy. When one spouse is in the military, it gets even harder.

The issue affects millions of military couples for whom a pension is often their largest asset.

The benefits can be substantial. A lieutenant colonel in the Air Force with 30 years of service gets a pension worth $72,288 a year. The pensions aren’t paid in lump sums, but if they were, the “present value” of a career officer’s pension can easily exceed $1 million.

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