Welcome to the PEB Forum!Today my doctor stated they were going to initiate a MEB. My BIG question is that provided I make it to 20 years prior to the final PEB decision, will I receive my regular 20 year retirement pay?
Ron G, I have seen your examples in the past, yet I can never determine where you get the " d. Dollar amount of longevity portion of retirement = 4023 " Then, you use the D minus C to get the CRDP. Where do you get the longevity portion of retirement figure? Ron PRe: CRDP, mentioned above (Note: Most Ch 61 retirees do not qualify for CRDP.)
The amount of CRDP (which restores all or part of waived retired pay), when combined with residual retired pay (i.e., left over from VA offset) cannot exceed the dollar amount of the longevity portion of retired pay.
Here is an example:
a. Gross retired pay = 5726
b. VA compensation = 3079.47
c. A minus B = 2646.53 residual retired pay
d. Dollar amount of longevity portion of retirement = 4023
e. D minus C = 1376.47 CRDP
f. Result: DFAS pays 4023 (2646.53 residual retired pay + 1376.47 CRDP)
VA pays 3079.47 TOTAL: 7102.47
See DFAS website for additional CRDP info: https://www.dfas.mil/retiredmilitary/disability/crdp.html
Ron G, I have seen your examples in the past, yet I can never determine where you get the " d. Dollar amount of longevity portion of retirement = 4023 " Then, you use the D minus C to get the CRDP. Where do you get the longevity portion of retirement figure? Ron P
Thanks for that clarification. That makes sense on the calculation. I am 54 and my "promise" date is 58.5 for CDRP. Yet now I am confused.
- Active duty time years and months x 2.5% = multiplier
- Average of highest 36 months = high three
- High three average x multiplier = longevity portion of retired pay
- 8 yrs 6 months is 8.5 years x 0.025 = 21.25%
- Selected high three amount = $3000
- $3000 x 0.2125 = $637.50 dollar amount of longevity portion of retirement pay
Ron G, thanks for the information and you are helpful as always. Yes, I am very fortunate as to the retirement pay and it has changed my plan as to retirement for my federal job. With the disability retirement and VA, I am recalculating my plan and may completely retire this summer/fall and enjoy my remaining years. I will use the link to read up on the regulation. Ron PYour situation is somewhat uncommon due to the large high three average and relatively large amount of residual retired pay.
“Residual Retired Pay + CRDP cannot exceed longevity portion of retired pay ($3775 residual + $????? CRDP = $2885).”
You also showed: “My longevity portion of retirement pay is (11.4 x 2.5% = 28.5%) of $9072 = $2885.”
Your residual retired pay by itself is more than the longevity portion of retirement pay.
Residual Retired Pay: 3375
Computed longevity amount : 2885
DoD 7000.14-R Financial Management Regulation Volume 7B, Chapter 64 * October 2018