Military Retirement Pension
If you have served in the United States military, thank you for the many sacrifices made to keep us safe. There are some very valuable benefits available to service members that can pave the way toward a more comfortable retirement.
One of them is the military retirement pension that can be earned after 20 years of active duty. The longer that you remain in the military, the higher your retirement pay will be.
Veterans Aid and Attendance Special Pension
Another type of veterans’ benefit is the Veterans Aid and Attendance Special Pension for those who served during a time of war. To qualify:
- You must have served for at least 1 day when the country was at war out of a minimum of 90 days in the military.
- You must not have been dishonorably discharged.
- You must now have medical proof that you need assistance with your day-to-day needs.
- You do not own assets that total over $80,000 (not including your home and vehicle).
A single veteran that is eligible for the Veterans Aid and Attendance Special Pension can receive as much as $1794 a month. For a married couple, the figure is $2127, and a surviving spouse of an eligible veteran that requires living assistance could qualify for $1153 a month. A healthy veteran that has a spouse that needs help can receive a monthly benefit of $1410.
This type of aid is in place to help former service members that need assistance with their activities of daily living, so many older people can benefit from it. As elder law attorneys, we have a thorough understanding of this special pension and how it can interface with other government programs for senior citizens. Contact Stouffer Legal at 443-470-3599 in the Greater Baltimore area for more information.