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| Name | Concurrent Retirement and Disability Pay (CRDP) - Increase your take home pay VA Comp and Retirement |
| Video Uploader | Video From Veterans InfoTap |
| Upload Date | This Video Uploaded At 08-12-2022 12:00:29 |
| Video Discription | Concurrent Retirement and Disability Pay (CRDP) allows military retirees to receive both military retired pay and Veterans Affairs (VA) compensation. This was prohibited until the CRDP program began on January 1, 2004. CRDP is a "phase in" of benefits that gradually restores a retiree's VA disability offset. dfas info here https://www.dfas.mil/retiredmilitary/disability/crdp/#:~:text=Concurrent%20Retirement%20and%20Disability%20Pay%20(CRDP)%20allows%20military%20retirees%20to,a%20retiree's%20VA%20disability%20offset. More info here https://militarypay.defense.gov/Pay/Retirement/Concurrent.aspx Concurrent Retirement and Disability Payment (CRDP): This program provides a 10-year phase-out of the offset to military retired pay due to receipt of VA disability compensation. Qualified individuals are those who are retired active or age 60 retired reserve members who also have a combined VA disability rating of 50% or greater. Members retired under military disability provisions (Chapter 61 to title 10 United States Code) must have at least 20 years of service. Today, more than 310,000 retirees are receiving CRDP payments of over $427 million per month. Effective January 1, 2004: Initial entitlement under the program began on January 1, 2004. Payments were made to nearly 150,000 qualified retirees on February 2, 2004. Effective January 1, 2005: The 10-year phase-out was eliminated for those individuals actually rated 100% disabled by the VA and they became eligible to receive all of their formerly offset military retired pay. Effective October 1, 2008: The 10-year phase-out was eliminated for those individuals not rated 100% disabled by VA, but who are paid at the 100% level as "Individual Unemployables" (IUs), and they become eligible to receive all of their formerly offset military retired pay retroactive to January 1, 2005. Initial Rates: CRDP is part of retired pay and cannot exceed the amount that would be otherwise offset. During CY 2004, CRDP was paid to qualified retirees up to the following maximum amount based on the current monthly VA disability rating: Please subscribe for: VA Benefits, VA Compensation, VA Disability, VA Education, VA Spouse and Dependent Benefits. VA Disability Compensation 100% P&T. Increase VA Rating, Secondary Conditions, New VA Claim, Appeals, VA Health Care, VA Health care priority groups, VA Pension and more |
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