If you have served in the military, the United States government rewards your sacrifice with retirement benefits. If you became disabled while serving in the military, the Department of Veterans Affairs provides VA disability compensation or disability pension depending on the your age. You may be eligible to receive these benefits at the same time. This practice was forbidden until 2004, but it is allowed now, provided that you meet the eligibility requirements. Concurrent benefits are highly personalized based on your specific situation, so there are no tables or generic ways to determine your benefits. However, there is a process by which you can predict your likely concurrent pay based on your situation.
Figure out your retirement compensation. This will be determined according to your retirement plan and will be based on your disability or your years of service. You may have received a statement of your military retirement benefits that either provides your actual benefit or your projected benefit. Otherwise you must calculate your estimated retirement compensation based on the formula listed in your military retirement-plan document.
Subtract the Current Baseline Offset. This will be equal to the lesser of your retirement compensation or your VA disability compensation or disability pension. This number is called your net retired pay.
Determine your Concurrent Retirement and Disability Pay table rate. This rate is based on your VA Disability Rating -- your percentage of disability from 50 to 100 percent.
Subtract your table rate from the lesser of your retirement compensation or your VA disability compensation or disability pension. This number will be your remaining offset.
Calculate your Concurrent Retirement and Disability Pay Phase-in Percentage. This percentage will be based on the current year. At the time of publication, the Concurrent Retirement and Disability Pay Phase-in percentage is 98.18 percent.
Multiply the Concurrent Retirement and Disability Pay Phase-in Percentage by the remaining offset. This amount is your phase-in amount.
Add the Concurrent Retirement and Disability Pay table rate from above to the phase-in amount; that is the amount of your estimated concurrent benefits.
In order to receive concurrent benefits, you must be a retiree of the military with 20-plus years of service and have a service-related disability rating of 50 percent or more.
Concurrent Retirement and Disability Pay is an automatic process, so you will not need to apply in order to receive it. Provided you are eligible, you should see the increase in your benefits.
Things You'll Need
VA Disability Rating
Copy of your military retirement plan
Statement of military retirement benefits, if any
Although you will be receiving concurrent benefits, the aggregate amount of the military retirement benefit and the VA disability compensation or disability pension will not exceed the amount of the benefits to which you are entitled from the military and the VA.