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The member is also entitled to VA Disability Compensation based on a service-connected disability that is rated by VA as 50 percent disabling in the amount of $1200 per month. This member may receive military retired pay ($800) in full concurrently with the member’s VA Disability Compensation ($1200).
The law requires that a military retiree waive a portion of their gross DoD retired pay, dollar for dollar, by the amount of their Department of Veterans Affairs (VA) disability compensation pay; this is known as the VA waiver (or VA offset).
Permanent Disability Retired List. If your disability is found to be permanent and is rated at 30 percent or greater, or you have 20 or more years of service, you will be placed on the Permanent Disability Retired List (PDRL). Your retired pay will be computed using one of two methods.
If your VA disability compensation offset exceeds your retired pay, your CRSC payment will be deposited into the account most recently designated as your current checking address. CRDP is not a new payment, but rather an increase in your retired pay.
You may still receive some retired pay if your retired pay exceeds your VA disability pay. Or you may not receive any retired pay at all if your VA award exceeds your retired pay. You will also begin to see an amount under “VA Waiver” on your Retiree Account Statement (RAS).
DFAS and the Department of Veterans Affairs (VA) manage the CRDP/CRSC Processing program (formerly known as VA Retro) to pay eligible military retirees any retroactive CRSC, CRDP and/or VA disability compensation they are owed.
Disability retirees with less than 20 years of service will be automatically limited to a retroactive date of January 1, 2008 as required by legislation passed by Congress effective 2008. All retroactive pay is limited to six years from the date the VA awarded compensation for each disability.
The Department of Defense uses a multi-step formula to compute your retired pay. The amount generally is based on your length of service or your disability percentage. Factors such as the year you entered service and your retirement type also affect your pay. Retired Pay Formula.
Managing Your Retirement. Powers of Attorney/Third Party Representatives for Retirees. Disability Entitlements. Provide for Loved Ones. Survivors and Beneficiaries. Survivor Benefit and Arrears of Pay Frequently Asked Questions. Powers of Attorney/Third Party Representatives for Annuitants.
VA Compensation Deduction: For most members who retired under a non-disability law, retired pay taxable income is simply reduced by the amount of any VA compensation received. For members who retired under the Temporary Disability Retired List or the Permanent Disability Retired List, retired pay taxable income is reduced by whichever of the ...