Hello,If the referring condition comes back at 30% or more and you are at 15 years of service; can you elect to deny the retirement and choose the severance? I understand all the benefits but looking at all options for my family right now.
Hello,
No.
10%-20% = severance pay
30% or more = retired pay
If your longevity multiplier is greater than the disability multiplier, the initial computation of your retired pay will use the longevity multiplier.
In your case and if 15 years is all active duty or active duty equivalent, then: 15 x 0.025 = 37.5% is the longevity multiplier
Multiplier x average high three base pay = retired pay
Ron
Ron did answer it.
No