I have heard that a person is not able to collect more than one pension from the government even if they have worked for two different agencies for the complete term in both.
2007-07-24 11:09:15 · 5 answers · asked by bowwowbiscuitboutique 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
Yes, former President Gerald Ford, collected retirement from his time as a Congressman, as Vice-President, and as President(three retirement checks). If Al Gore ever became President, hew would be receiving the same.
It is not unusual for individuals to retire from the military and later retire from another government agency(FBI, CIA, US Postal Service, and etc.)and receive retirement pay from each.
2007-07-24 11:40:38 · answer #1 · answered by oldcorps1947 6 · 0⤊ 0⤋
If they are through different agencies contracting with different retirement systems. Eg. a military retirement from the federal government and then CalPERS pension after working for a California state or local public entity job.
2007-07-24 11:41:29 · answer #2 · answered by BCP 2 · 0⤊ 0⤋
In the UK, you can set up a government stakeholder pension which are really good. They have experts at the Chancellery invest it for you. Also, we get the basic state pension as entitled through N.I. (national insurance).
2007-07-24 12:34:29 · answer #3 · answered by adam w 3 · 0⤊ 0⤋
Absolutely! Virtually every military retiree will eventually collect their mil retirement and SS at the very least. Depending upon their rank and post-retirement income, that may well be enough for a comfortable retirement all by itself. Mine will likely exceed $40k per year in today's dollars and that's before my other post-military retirement savings are taken into account.
2007-07-24 12:41:06 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Yes, if one of them is Military.
2007-07-24 11:13:54 · answer #5 · answered by WJVV 4 · 0⤊ 0⤋