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Military retired pension

by rudi
(david panama)

can a debt collector garnish a military retired pension

Comments for
Military retired pension

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May 12, 2010
 Garnishment of a military retired pension
by: Mary

Thanks for submitting your debt collection question on our Q&A page.

Federal law prohibits the garnishment of your military pension money. However, it's essential that all pension payments be made by direct deposit into an account that holds that money and that money only.

If your pension payments are co-mingled with funds from other sources that you have in an account, then those payments will be at risk for being garnished. If that were to happen you would have to request a hearing and a determination would be made regarding what percentage of the funds in the account represent your pension money. This process would take time and you would not have access to your pension money while the determination is being made.
Oct 31, 2011
 Thanks
by: Anonymous

Thank you! This is very helpful.

Nearly five years ago my dad tried to help out my stepsister's best friend by cosigning a car loan for her. (He signed as secondary on the paperwork, since he would have neither possession or use of the vehicle. But when the woman dropped off the paperwork the next day, his name was on the primary line. No, we can't prove otherwise.)

Last year, the car was in a nasty wreck. (Lucky none of her four kids were in it.) The insurance company paid out to the woman, but none of that money went to pay off the remaining balance. Long story short, it's in collections, and she and her estranged husband and my dad and his new wife (as in married just over a year) are all on the docs filed for the lawsuit. (So you can guess why I was on this site in the first place.)

It will make my dad very happy to know his military pension is safe. Thanks so much.

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