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Thread: When someone is retiring

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    #1

    When someone is retiring

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    from the military, how do they figure out their retirement pay? Also how do they figure out retirement pay when you are also getting disability. I know there is some sort of thing where you can't get the full amount from both but I don't know where to look to figure out how they come up with the amounts.

    tia
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    #2





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    As for disability. If you are UNDER 50% the full amount of disability is deducted from the retirement pay. So lets say your retirement is $1500 a month and you are 30% disabled and get $450 a month for that. They deduct the $450 from your retirement check (before taxes) and send you a tax free check for that amount. Your Retirement pay is now $1050 and taxed on that amount.

    IF you are 50% or over you qualify for CRDP. This means that they take a percentage out of your retirement pay, before taxes and then the VA adds the rest to make up the difference. Over a 10 year period they take less out of your retirement pay until you end up with two full separate checks.

    Example.

    Retirement = $2000.00
    Disability = $900.00

    For the first year they take a hypothetical $150.00 from your retirement, add $750.00 and send you $900 tax free.
    Retirement pay is now 1850.00 before taxes.

    Each year that $150.00 drops by a certain percentage.

    Year 10 (not taking in account any cost of living etc) you will get $2000.00 retirement and $900.00 from the VA





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    #4
    Thanks Still a bit confused on the if the military member is over 50% (like what happens if your disability amount is over your retirement amount). But I think we understand a bit more.

    Also, do you know since the calculator starts at 20 how it works if they are under 20?
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    #5
    Is this a medical retirement?

    50-100% I believe is CRDP and they take part of it from whatever the retirement pay is. I don't think it matters how much each check is.





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    I'm reading that you don't get CRDP if you are shy of 20 years.





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    Yes we are anticipating a medical retirement. Nothing is finalized just yet. In the final stages but not far enough to have numbers and details yet.

    I appreciate you answering my questions
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    Oh, so I am assuming if there is no CRDP than the how you explained it for the under 50% would work even if he is over 50%?

    We found the info online but it is confusing so having someone explain it better helps. I know without numbers it is hard(er) to do, but I am kinda trying to have an idea money wise what will happen.
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    I would set up an account on VA's web page. There's a place where you can ask the VA questions.





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    #10
    Ok thanks
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