Retirement pay confusion

Jeremy Pretty

PEB Forum Veteran
Registered Member
#1
8 Years in, SrA, DOD 60% VA 60%

I went to the SBP brief, and they estimated my DOD retirement pay to be 1200 a month...

I am 60% disabled and going to get about 1215 a month from the VA.

So if I understand everything right, I willl just get the 1215 from the VA and thats it right? None of my issues are combat related!
 

kmhknight

PEB Forum Veteran
#3
I was given to understand that if both ratings are over 50% you would receive both payments... for a medical retirement that is.
 

nwlivewire

PEB Forum Veteran
#5
KMH- there are plus ups to a chapter 61 retirement, through CDRP and CSRC. you can do a search for those terms to find the rules.
Jeremy stated his military issues are NOT combat/combat-related.

So Jeremy will get one or the other - either military or VA.

Whichever is higher.

Looks like if Jeremy's 60% military is less than VA, he should waive his military and get the tax-free VA as his military will be all taxable - VA is 100% non-taxable.

Also, if Jeremy wants to apply for education aid by filling out the FAFSA form, he won't have to report his VA money as income on it - he would have to report his military income money. So this might be a help to him as well.

V/r,
nwlivewire
 

Jessica D.

PEB Forum Veteran
Registered Member
#7
Jeremy stated his military issues are NOT combat/combat-related.

So Jeremy will get one or the other - either military or VA.

Whichever is higher.

Looks like if Jeremy's 60% military is less than VA, he should waive his military and get the tax-free VA as his military will be all taxable - VA is 100% non-taxable.

Also, if Jeremy wants to apply for education aid by filling out the FAFSA form, he won't have to report his VA money as income on it - he would have to report his military income money. So this might be a help to him as well.

V/r,
nwlivewire
If he waives the DOD, will he still get his other retirement benefits like insurance and such?