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Concurrent Receipt
Concurrent Receipt
Note:
Concurrent Receipt is now officially named 'Concurrent Retirement and
Disability Pay" (CRDP).
Benefits Update: The recently signed National Defense Authorization Act
of 2005 eliminated the 9 year phase for full concurrent receipt payments to
eligible retirees rated at 100% disabled by the VA, as of January 1, 2005.
However the 9-year phase-in schedule is still in effect for retirees with
disabilities rated at 50% to 90% and Retirees that are deemed "Unemployable"
by the VA.
The Basics
Concurrent Receipt means that qualified military retirees now get paid both
their full military retirement pay and their VA disability compensation.
This recently passed law phases out (over 9 years) the VA disability offset,
which means that military retirees with 20 or more years of service and a
50% (or higher) VA rated disability will no longer have their military
retirement pay reduced by the amount of their VA disability compensation.
Unlike the Combat Related Special Compensation (CRSC), full concurrent
receipt will be phased-in over the next years (except as noted above). This
means that if you qualify you will see your retirement pay increase by
approximately ten percent each year until the phase-in is complete in 2014.
Eligibility:
To qualify for concurrent receipt you must:
- Be a
Military Retiree with 20 or more years of service, including:
- Chapter
61 Medical Retirees with 20 years or more.
- National
Guard and Reserve with 20 or more good years.
- Have a
Service Related VA disability rating of 50% or higher.
CRDP Benefit:
In January of 2004 "qualified retiree's" started recieving the monthly
retirement increase. The following table is a sampling of how much extra you
may get each month over the next 4 years and the final full concurrent pay
for 2014, based on your VA disability rating.
|
VA Rating |
2004
|
2005
|
2006
|
2007
|
2014
|
| 100% |
$750
|
$2,193
|
$2,193
|
$2,193
|
$2,193
|
| 90% |
$500
|
$582
|
$729
|
$905
|
$1,317
|
| 80% |
$350
|
$432
|
$580
|
$757
|
$1,171
|
| 70% |
$250
|
$326
|
$462
|
$626
|
$1,008
|
| 60% |
$125
|
$193
|
$314
|
$460
|
$801
|
| 50% |
$100
|
$153
|
$249
|
$364
|
$633
|
Note: The amount you receive cannot exceed the amount of your
military retirement.
The Application Process:
Fortunately Concurrent Receipt is automatic. If you qualify you will
automatically see an increase in your monthly retirement check. |
