@RonG hope you can help!! I'm confused
The info you provided:
The estimate provided was based on the following info provided by you:
1. RAS gross $2,095 / VA Waiver $3,886.56
2. AD Service: 8 years 8 months
3. VA rating is 100%
4. Approved for CRSC 100%
5. DOD 100%
6. Married, 3 children under 18
I replied:
a. 8.67 years x 0.025 = 21.68 % multiplier
b. 2095 gross / 0.75 max DoD = 2793.33 high three
c. 2793.33 x 0.2168 = 605.59 dollar amount of longevity portion of retired pay
d. CRSC @ 100% would be 2095 (but cannot exceed the longevity portion of retired pay)
e. Your CRSC based on info provided by you is $605.59
Additional remarks:
--I checked my figures; I stand by them.
--If even one item you provided is inaccurate, that will cause an inaccurate computation
--Most often, the inaccuracy is the number of years and months of active duty.
You said, "8 years 8 months." If that is not precise, it is likely the problem.
--Another problem area is the high three average base pay or gross retired pay on DFAS RAS. The gross retired pay is on page one of the DFAS RAS, upper left corner.
--If you have any debts being collected, that would reduce the net payment.
--You said you did not elect SBP ("...I didn't elect the SBP... It should be a difference in the pay?
How they fixed?" Answer: Check your CRSC statement; does it have a SBP deduction?
Enrollment in an annuity plan is not automatic and there are costs. If you are enrolled you will pay premiums for your SBP coverage. In addition you can only leave an annuity to eligible beneficiaries.
Election to participate in these programs is generally made at the time of retirement, although some situations allow a retiree to add coverage after retirement. In most cases, costs to participate are deducted from the retiree's monthly pay and are based on the amount of coverage a retiree elects..
--Earlier, I offered, "If you feel the DFAS payment is in error, you can request a DFAS audit and explanation from them. Also, if you elected
you elected the SBP, that might have caused a reduction."
--How to fix problem? Answer: Contact a VSO for hands-on help and/or request the audit I have mentioned twice.
--You can call DFAS at
Customer Service
800-321-1080
M-F, 8 a.m. to 5 p.m. ET
Ron