Jkboy73,
Re: CRSC for Chapter 61 Retiree
1. CRSC as a Chapter 61 retiree with <20 years service will be the lesser of
--the dollar amount of the longevity portion of your retirement
or
--the dollar amount of the CRSC rate/percentage approved by your service.
2. The value of the rate approved by your service (upon application) will be found in the VA compensation tables (e.g., if 50% and no dependents, you would search for "50%, veteran alone." That amount is $855.41. Just an example.)
3. Dollar amount of the longevity portion of retirement:
a. Years and months active duty x 2.5% = multiplier (e.g., 10 yrs 6 mo: 10.5 x 0.025 = 26.25 multiplier, example)
b. Average of high 36 months base pay for retirement x multiplier = dollar amount of longevity portion of retirement (e.g., $3000 high three x 0.2625 = $787.50 dollar amt of longevity, example)
4. CRSC, in the examples above would be the lesser of no. 2 and no. 3 = $787.50
5. Any residual retired pay after waiver for VA compensation will reduce the amount of CRSC for a Chapter 61 retiree.
Note: As you likely know, those with IU are paid at the 100% rate for VA compensation with the applicable number of dependents/family members shown in the VA comp tables.
Hello RonDavis99,RonG, I have a very similar situation as above. But was confused by my CRSC pay statement today. My numbers and information is below.
-medical retirement w/ 11 years
-100% VA rating
-Individual Unemployability
-CRSC percentage 70%
-Army retirement is $3677
-VA waiver is $3173
-My eRAS statement is $495.95
I was awarded $55 for CRSC. Can you please help me understand why my CRSC is $55?
I'll work some numbers for you in a minute, but first, a comment about IU. It can be added to the approved CRSC percentage; however, I think I can accurately predict your CRSC will not reach that level since your CRSC cannot exceed the dollar amount of the longevity portion of retired pay. Additionally, CRSC when combined with residual retired pay cannot exceed the longevity amount.RonG
I apologize and believe you are correct in that my information is incomplete. According to my retirement orders my Disability Retirement is 4 years 7 months; Basic Pay is 11 years 2 months; DoD percent is 80%; and I have 1child dependent.
I’m guessing this new information will make the numbers work. However, how does/do the Individual Unemployability laws impact CRSC?
thanks for what you do for me and the group!
Hello,RonG
I apologize and believe you are correct in that my information is incomplete. According to my retirement orders my Disability Retirement is 4 years 7 months; Basic Pay is 11 years 2 months; DoD percent is 80%; and I have 1child dependent.
I’m guessing this new information will make the numbers work. However, how does/do the Individual Unemployability laws impact CRSC?
thanks for what you do for me and the group!