Hello TXWI,
Here is the estimate based on your data.
1. High three average base for retirement = 7,089
2. Approved DoD disability retirement pay percentage = 80% Remark: 7089 x 0.75 = 5316.76 DoD disability retirement
5316.76 reduced by 3521.79 VA comp = 1794.97 residual retired pay
3. Number of years of active duty = 20 years 4 months Remark: 20.333 AD years x 0.025 =50.83 % longevity multiplier
7089 x 0.5083 = 3603.34 dollar amount of longevity portion of retired pay
4. Indicate if you have qualified for a retirement other than disability = qualified for active duty retirement
5. VA compensation Remark: $3,352.41 + (2 x 84.69) = 3521.79
— 100%
— number of dependents by category= spouse & 3 children under 18
—type SMC, if any, and amount= N/A
6. Approved or anticipated CRSC approval percentage= 70% Remark: $1,609.71 + (2 x 59) = 1721.71
Comment:
DoD 7000.14-R Financial Management Regulation Volume 7B, Chapter 63
Reductions for periods on or after January 1, 2013.
1. Members retired for disability under 10 U.S.C., Chapter 61 with 20 or more years of creditable service computed under section 10 U.S.C. § 1208 will have the maximum CRSC payment restricted to the amount, which when combined with any remaining retired pay after VA offset, will not exceed the applicable retired pay to which the member would otherwise have been entitled under any other provisions of law. A retiree who accepted the Career Status Bonus will have the reduced amount calculated based on retired pay that would otherwise have been computed under 10 U.S.C. § 1409(b)(2).
Considerations: 1794.97 residual retired pay; 70% CRSC 1721.71; 3603.34 dollar amount of longevity portion of retired pay
3603.34 ceiling minus 1794.97 residual retired pay = 1808.37 amount remaining for potential CRSC; however, the approved CRSC amount is 1721.71
This results in monthly payment of 1794.97 residual retired pay plus 1721.71 CRSC = 3516.68 TOTAL EACH MONTH
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IF you choose CRDP, you receive:
1794.97 residual retired pay
and (3603.34 - 1794.97) = 1808.37 CRDP
Total: 3603.34 with CRDP which is more than "with CRSC"
Ron