Retirement pay confusion

Discussion in 'Air Force Forum' started by Jeremy Pretty, Jun 29, 2012.

  1. Jeremy Pretty

    Jeremy Pretty PEB Forum Veteran

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    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!
  2. pittpan2005

    pittpan2005 PEB Forum Veteran

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  3. kmhknight

    kmhknight PEB Forum Veteran

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    I was given to understand that if both ratings are over 50% you would receive both payments... for a medical retirement that is.
  4. green594

    green594 PEB Forum Veteran

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    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.
  5. nwlivewire

    nwlivewire PEB Forum Veteran

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    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
  6. green594

    green594 PEB Forum Veteran

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    Thanks nwlivewire- i missed that.
    v/r
    Green
  7. Jessica D.

    Jessica D. PEB Forum Veteran

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    If he waives the DOD, will he still get his other retirement benefits like insurance and such?
  8. joelf

    joelf PEB Forum Veteran

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    Yes...you keep all retirement benefits and simply waive the pension in favor of a higher payout from the VA

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