Thank you for the computations. they were very accurate.
I just was awarded 50% CSRC .
How much pay does this equal?
Thank you
Hello,
Re: "I just was awarded 50% CSRC ."
Note: The 50% CRSC rate for veteran with spouse is: 979.43
a. You have 800.25 residual retired pay per first computation.
b. The combination of residual retired pay plus CRSC cannot exceed the longevity portion of retired pay.
c. If I remember correctly, you have not yet met the age requirement for reserve retirement, but you have 20 good years.
d. DoD 7000.14-R Financial Management Regulation Volume 7B, Chapter 63:
2. Members retired for disability under 10 U.S.C., Chapter 61, with less than 20 years of creditable service computed under 10 U.S.C. § 1208, and who are qualified for CRSC, on or after January 1, 2013, will have the maximum CRSC payment restrictions.
The CRSC payment amount, which when combined with any remaining retired pay after VA offset, will not exceed the amount that is equal to 2½ percent of the member’s years of creditable service multiplied by the member’s retired pay base under 10 U.S.C. § 1406(b)(1) or 10 U.S.C. § 1407, whichever is applicable to the member.
NOTE: A retired reserve member, retired under the provisions of 10 U.S.C., Chapter 61, is entitled to CRSC. The gross amount of CRSC determined under paragraph 630801 will be adjusted as required under paragraph 630802. For Reserve Component members with less than 20 years of service as determined under 10 U.S.C. § 12733, the CRSC amount when combined with the amount of retired pay payable to the retiree after reduction for the full VA disability compensation, if any, may not exceed the disability retired pay amount that is equal to 2½ percent times the years of creditable service determined under 10 U.S.C. § 12733 multiplied by the member's applicable retired pay base.
For Reserve Component members with 20 or more years of service as determined under 10 U.S.C. § 12733, the CRSC amount when combined with the amount of retired pay payable to the retiree after reduction for the full VA disability compensation, if any, may not exceed the disability retired pay to which the member would be entitled if the member were
60 years old.
e. Using this part of the law: "
The CRSC payment amount, which when combined with any remaining retired pay after VA offset, will not exceed the amount that is equal to 2½ percent of the member’s years of creditable service multiplied by the member’s retired pay base under 10 U.S.C. § 1406(b)(1) or 10 U.S.C. § 1407, whichever is applicable to the member." Your payments from DFAS would be:
(1) Residual retired pay: 800.25
(2) CRSC @ 50%: 979.43 (from the VA compensation tables)
TOTAL from DFAS: 1779.68 which is less than the longevity amount
Comment: Once you attain the RC age requirement for retirement, you could apply for your RC retirement and be eligible for CRDP, which would provide more for you than CRSC @ 50%.
Ron
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HISTORY.
Here is what I provided earlier:
1. 5439 high three x 0.75 = 4079.25 retired pay
2. 4079.25 - 3279 amount of VA comp = 800.25 residual retired pay
3. 17.7 active duty equivalent x 0.025 = 44.25% longevity multiplier
4. 5439 x 0.4425 = 2406.76 longevity portion of retired pay
5. Approved CRSC percentage = unknown
6. 2406.76 longevity amount minus 800.25 residual retired pay = 1606.51 maximum CRSC
Based on your incomplete data (approved CRSC percentage not given)
you "might" receive from DFAS:
--800.25 residual retired pay
--1606.51 CRSC
TOTAL: 2406.76
You also will received your VA compensation.
The CRSC percentage approved by your service will affect the final computation.