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SOTS OCTOBER 21-23, 2009

SOTS OCTOBER 21-23, 2009. CONCURRENT RETIREMENT AND DISABILITY PAYMENTS (CRDP). CRDP. Provides for a 10 year phase out of the offset to military retired pay due to receipt of VA disability compensation. Rates increased by approximately 10% a year and totally phased out in 2014.

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SOTS OCTOBER 21-23, 2009

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  1. SOTS OCTOBER 21-23, 2009 CONCURRENT RETIREMENT AND DISABILITY PAYMENTS (CRDP)

  2. CRDP • Provides for a 10 year phase out of the offset to military retired pay due to receipt of VA disability compensation. • Rates increased by approximately 10% a year and totally phased out in 2014

  3. SERVICE REQUIREMENTS • Must be retiree based on 20 years service and elect compensation in lieu of retired pay. • Includes guard and reservists at age 60. • Includes CH 61 retirees with 20 years service.

  4. DISABILITY REQUIREMENT • Must have disability of 50% or more as rated by the VA. • No application necessary. Automatic data exchange. • Benefits under this program ARE taxable.

  5. PROGRAM PHASE IN(Began 1-1-04) • Initial Rates Additional Calendar Calendar Year 04 Years 05 - 14 100% 750 2005 - 10% 90% 500 2006 - 28% 2011 - 98.18% 80% 350 2007 - 49.60% 2012 - 99.64% 70% 250 2008 - 69.76% 2013 - 99.96% 60% 125 2009 - 84.88% 2014 - 100% 50% 100 2010 - 93.95%

  6. HOW DOES IT WORK? • Example: • Vet 50%, No dependents Initial Calendar YR 04 Amount $770 - 100 $670

  7. Example Cont. • Calendar Year 09 $670 x 84.88% $568.70 Plus $100 $668.70

  8. Example Cont. • VA Compensation $770 Minus CRDP Amount $668.70 Amount of retired pay $101.30 withheld

  9. CRDP AND I/U • Effective 10-01-08 individuals receiving 100% based on unemployability will receive full CRDP. • Benefits not payable until after 10-01-09 • Retro will be paid to 01-01-05 • Payment due from DFAS not VA • DFAS toll free # - 1-800-321-1080.

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