Greetings all-i am brand new. I am so glad to have found this amazing resource! I have scoured the internet and the forums and still don’t understand how medical retirement is calculated with CRDP and the VA offset. I was rated 100% by the MedBoard and can either retire LOS or medically, and I have to choose or the default is the medical retirement. It *looks* like from a tax and insurance perspective at my years of service that medical retirement is the best idea. I assume since I am still undergoing active cancer treatment after major open surgery that for at least the next 18 months I will be rated 100% by the VA, at least for now (I have many other conditions (other cancers and surgeries and organs removed) that will likely result in 100% P&T, so let’s assume for the sake of discussion and optimism I’m at 100% no matter what; I’m in the process of filing a claim). So, what would the calculation look like in this situation:
1. MEB rating: 100% (75% multiplier)
2. VA rating: 100% ($3600; I have three kids under 18 and a spouse)
3. LOS multiplier: 57.5% of base
4. 75% of high three base is $8200, 57.5% is $5894
Another question I want to understand is given the fact that I have pancreatic cancer (11% 5 year survival rate across the board), I am opting into SBP for my spouse (before this diagnosis I considered just doing it for our youngest child (6 yrs old) because we have a generous life insurance policy). Would my spouse’s benefit be 1) 55% of the 75% medical retirement amount ($8200) or 2) 55% of what my LOS pay would be (57.5%) or 3) 55% of the VA-reduced DoD pay ($8200-3600)*.55?
Thank you in advance for showing the math of the CDRP and VA offset and explaining how SBP would be calculated for someone who did a medical retirement. I have been searching for days for a calculator for my scenario and haven’t found one.
1. MEB rating: 100% (75% multiplier)
2. VA rating: 100% ($3600; I have three kids under 18 and a spouse)
3. LOS multiplier: 57.5% of base
4. 75% of high three base is $8200, 57.5% is $5894
Another question I want to understand is given the fact that I have pancreatic cancer (11% 5 year survival rate across the board), I am opting into SBP for my spouse (before this diagnosis I considered just doing it for our youngest child (6 yrs old) because we have a generous life insurance policy). Would my spouse’s benefit be 1) 55% of the 75% medical retirement amount ($8200) or 2) 55% of what my LOS pay would be (57.5%) or 3) 55% of the VA-reduced DoD pay ($8200-3600)*.55?
Thank you in advance for showing the math of the CDRP and VA offset and explaining how SBP would be calculated for someone who did a medical retirement. I have been searching for days for a calculator for my scenario and haven’t found one.
