Hello Sniper Bait,Trying to ensure my CRSC amount is correct.
1) Gross Retired Pay = $4906 (High 3 Avg = $6541.33)
2) 100% DOD
3) 16y 1m Active Duty
4) VA Comp 100%, amount $3801.87 (Spouse, 2 children under 18, and SMC (S-1))
5) 100%
6) No
CRSC amount = ???
Thanks for the feedback
1. 6541.33 x 0.75 = 4906 (as you indicated)
2. 4906 - 3801.87 = 1104.13 residual retired pay
3. 16.08 AD years x 0.025 = 40.2% longevity multiplier
4. 6541.33 x 0.402 = 2629.61 longevity portion of retired pay and CRSC maximum
5. CRSC Max 2629.61 minus 1104.13 residual retired pay = 1525.48 CRSC payable
6. DFAS will pay:
a. 1104.13 residual retired pay
b. 1525.48 CRSC
TOTAL : 2629.61
Ron