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 Huskerfanfl |
Curious about retirement pay |
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Posts: 45 07/09/09 08:59:33 |
I retired from the active army with 21 years active service in 2004 as a MSG. My retirement is $2548. I currently collect from VA $2053(90%) and $2298 from
DFAS for a total of $4351
I am curious what the amount of Ch 61's retirement is. I truly want to support the Ch 61's but really want all the information. |
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maparker |
#1 | |||
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Posts: 824 07/09/09 11:26:27
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A chapter 61's retirement is based on the higher of DoD disability rating percentage or the length of service percentage. However, for concurrent receipt, an eligible chapter 61 retiree cannot receive concurrent receipt in an amount greater than the amount of the VA offset of the length of service based retirement. Concurrent receipt is calculated so that the total combined VA/DoD amount does not exceed the total of the VA compensation and the length of service based retirement. Mike |
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brianwl |
#2 | |||
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Posts: 10166 07/09/09 11:55:34
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Ch61's retirement is calculated using 2 methods. 2.5% x length of service x base pay (high 3 for newer retirees) or percent of disability x base pay. It is
generally accepted that they service member chooses the higher of the two, which is more often than not the percent of disability retirement.
Concurrent Receipt pays the length of service retirement only. This is as it should be. Currently Ch61's are only able to draw CRSC, not CRDP. The current House legislation is HR 2990. This legislation is seriously flawed. It provides CRDP to Ch61's who are rated 90% or higher or IU by the VA, only. However, it only pays the CRDP from 1 Jan 2010 to 30 Sep 2010. This legislation cannot be extended via continuing legislation. It must be replaced by a completely new bill. It creates a situation that those receiving CRDP will get a great big surprise in Jan and if they do not regularly check their checking account will bounce checks starting 1 Oct 2010. Brian E-6 USAF Ch 61 Ret 80% IU/P&T SC SSDI "A veteran - whether active duty, retired, national guard, or reserve - is someone who, at one point in his or her life, wrote a blank check made payable to The 'United States of America', for an amount of 'up to and including my life.'" (Author unknown) 
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Huskerfanfl |
Thanks Brian | #3 | ||
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Posts: 46 07/09/09 11:59:15 |
Thanks for the answers. I just wanted to get the Ch 61 retirees perspective on what they fell they should be paid.. I am glad to see the answer Brian gave.
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maparker |
#4 | |||
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Posts: 825 07/09/09 16:35:36
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Two points of clarification. First, chapter 61's with over twenty years can collect CRDP. Second, CRSC and CRDP are limited to the amount of LOS retirement. If the VA compensation is less than LOS, then CRDP/CRSC will be less than the LOS. The CRSC/CRDP amount is further reduced by the amount the disability retirement based on the DoD disability rating exceeds the amount due based on the LOS percentage. Mike |
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nraFOREVER |
#5 | |||
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Posts: 173 07/13/09 15:59:35
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Mike....or Brian.....
Just a quick question......A Ch 61 turns age 60.....he has his "20 year letter" from a reserve component.......which method would they use to compute his CRDP? NRA |
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brianwl |
#6 | |||
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Posts: 10230 07/13/09 16:16:18
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nraFOREVER wrote:2.5% x length of service x base pay (high 3 for recent retirees) High 3 is explained at the top of the CRSC forum. Also, if your disabilities are the result of combat, combat training, or hazardous duty you may be able to apply for CRSC which is tax free. Brian E-6 USAF Ch 61 Ret 80% IU/P&T SC SSDI "A veteran - whether active duty, retired, national guard, or reserve - is someone who, at one point in his or her life, wrote a blank check made payable to The 'United States of America', for an amount of 'up to and including my life.'" (Author unknown)
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