Waiver Of Va Compensation To Receive Military Pay

However to keep your training pay you must waive your VA benefits for the same number of days as the number of days you received training pay.

Waiver of va compensation to receive military pay. Military Retired Pay the member acknowledged that he chose to receive VA compensation instead of military retired pay. On the VA Form 21-0819 by not checking Box 13 under Section IV. October 29 2020 Download VA Form 21-8951-2 PDF. VA literature advises Most Veterans choose to receive drill pay instead of disability compensation or pension This is true because drill pay is typically the greater benefit.

Waiver of Retired Pay in Order to Receive VA Compensation 1. Remember each day counts as 0th of a months rate. Before January 28 2008 military members needed at least six months of service to qualify for discharge with severance pay but this rule no longer applies. B I elect to waive military pay and allowances for the days indicated in order to retain my VA compensation or pension.

The reason is because of double-dipping laws that state you cant be paid twice by the government for the same event. These Veterans must waive their VA benefits for the same number of days they received drill pay. A I elect to waive VA benefits for the days indicated in order for to retain my training pay. The VA waiver is where you waive retired pay to receive VA compensation.

Military members had to choose which payment they wanted to receive. Any veteran in receipt of military retired pay must waive their retired pay if they want to receive VA compensation. In the letter there are 3 options. I received a letter from the VA about a Notice of waiver of VA compensation or pension to receive military pay and allowances.

Disability severance pay comes in a one-time lump sum payment. Usually its to your advantage to waive benefits and keep your training pay. Similar to VA Form 21-8951 this form allows a veteran to waive VA benefits or training pay. You can run the numbers to determine exactly how much will be withheld.

However if you fill out VA form 21-651 which states the opposite that you wish to receive VA benefits in lieu of retired military pay you will then receive both your full VA disability pay in addition to your retired military pay. So if you have 63 days of military pay and elect to waive your VA compensation then you would have roughly the next two months of disability payments withheld. The mechanisms that allow for receipt of both funds military retirement and VA compensation simultaneously have. Technically VA disability compensation and retired pay are not the same event but that is how it is applied.

However not everyone is covered by the concurrent receipt law. Military retirement pay or VA disability compensation. To comply with this law veterans who receive both service retired pay and VA disability compensation simultaneously are required to waive ie give up part of their service retired pay. If they chose to receive both forms of payment they had to offset or waive a portion of their military retirement pay equal to the amount they received from the VA.

This is known as the VA waiver or VA offset. NOTICE OF WAIVER OF VA COMPENSATION OR PENSION TO RECEIVE MILITARY PAY AND ALLOWANCES Based on your Social Security number the Defense Manpower Data Center DMDC has identified you as having been a reservist or guardsman during the fiscal year indicated below. The government will simply withhold future payments. The amount the veteran receives in VA disability compensation is subtracted from the amount they receive in retired pay to avoid double-dipping.

Occasionally a veteran will proactively notify VA of receipt or anticipated receipt of training pay by submitting VA Form 21-8951-2 Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances. SUPERSEDES VA FORM 21-8951-2 MAY 2018. Dont forget this if you are still on active duty. Please enter the number of days for which you received training pay below.

By selecting the option to receive Military pay in lieu of Compensation this means that you will only receive your retired military pay and you forfeit your VA disability compensation. About VA Form 21-8951-2 Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances Form last updated. When a member receives VA disability compensation and the VA compensation is subtracted from retired pay by the VA Waiver concurrent receipt law ensures members receive at least enough retired pay to compensate them for their years of vested service. Once you receive it you cannot reenlist or apply for retirement.

Thereby waiving any portion of his retired pay that he may become entitled to receive equal in amount to the compensation he was awarded by the VA. The statement must be submitted to VA or to the Federal agency that pays the veteran s military retired pay.