How do I calculate my CRSC--Post New Requests at the CRSC Forum of This Board
- Thread starter cmwehs
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Ok...the longevity portion of retired pay cited above is less than the CRSC rate @70% so the projected CRSC remains unchanged.
Ron
Thank you!
CH 61 retiree with < 20 years service
1. You will waive (lose) Retired Pay dollar for dollar in the amount of VA camp.
2. A small number of CH 61 retirees will have some retired pay remaining, but that residual retired pay will reduce the amount of CRSC.
3. CRSC replaces some or all of waived longevity (portion) of Retired Pay. It is not a bonus in addition to retired pay.
4. CRSC for CH 61 retirees will be the lesser of
—dollar amt of longevity portion of retired pay
Or
—CRSC rate approved by service.
5. It is likely you will receive VA comp + CRSC.
Ron
1. In order to receive VA compensation, you must agree to waive (lose) retired pay equal to the amount of VA compensation (up to full amount of retired pay).
2. CRSC is a replacement for waived/lost Retired Pay. The amount of CRSC for a CH 61 is the lesser (lower) of
—longevity portion of retired pay
OR
—the percentage of CRSC approved by your service upon allocation. The amount for that percentage is found in the VA compensation
tables.
3. Any left over Retired Pay (after waiver) reduces CRSC for CH 61 retirees. Most CH 61 retirees do not experience that feature of CRSC.
Ron
See the following for a CRSC computation done today: https://www.pebforum.com/threads/confused-about-crsc-amount.48849/#post-211321
The amount of CRSC approved by the service is not shown since it was obviously much higher than the longevity portion of retired pay.
CRSC is not a payment in addition to retired pay...it is special compensation that allows certain retirees to have some or all of waived (lost) Retired Pay given back as non-taxable CRSC.
Ron
The amount of CRSC approved by the service is not shown since it was obviously much higher than the longevity portion of retired pay.
CRSC is not a payment in addition to retired pay...it is special compensation that allows certain retirees to have some or all of waived (lost) Retired Pay given back as non-taxable CRSC.
Ron
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1. The reference is Financial Management Regulation. Volume 7B, Chapter 63. * October 2017
2. The computation of CRSC for Chapter 61 retirees is complex and there are various possible scenarios.
3. A brief outline for a CH 61 retiree with less than 20 years service.
—Retired Pay is waived/lost dollar for dollar in the amount of VA compensation. Sometimes there is unwaived retired pay left over.
—CRSC is a replacement for waived/lost Retired Pay. The amount of CRSC for a CH 61 is the lesser (lower)
of
a.longevity portion of retired pay
OR
b. the percentage of CRSC approved by your service upon application. The amount for that percentage is found in the VA compensation tables.
4. Any left over Retired Pay (after waiver) reduces CRSC for CH 61 retirees. Most CH 61 retirees do not experience that feature of CRSC.
5. The longevity portion of retired pay is AD time x 2.5% = multiplier. High 3 average base pay x multiplier = longevity portion of retirement.
6. The amount of the CRSC rate approved by the service is found in the VA compensation tables (example: 70 % approved by service, retiree with spouse and 1 child under 18.
Ron
You are welcome for the reply, sorry it does not help. It was not a "cut and paste." I have replied with the same info hundreds of times because it does not change.
Perhaps someone else can provide the info you want.
Ron
Approved CRSC for CH 61 retirees is reduced by any amount of retired pay remaining after the VA offset. You mentioned you are “giving up a portion amount of my retired pay” which suggests you have residual retired pay.
It might be BS, but it is in accordance with law passed by Congress.
DOD 7000.14-R Financial Management Regulation Volume 7B, Chapter 63 * October 2017
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2. Members retired for disability under 10 U.S.C., Chapter 61, with less than 20 years of creditable service computed under 10 U.S.C. § 1208, and who are qualified for CRSC, on or after January 1, 2013, will have the maximum CRSC payment restrictions. The CRSC payment amount, which when combined with any remaining retired pay after VA offset, will not exceed the amount that is equal to 21⁄2 percent of the member’s years of creditable service multiplied by the member’s retired pay base under 10 U.S.C. § 1406(b)(1) or 10 U.S.C. § 1407, whichever is applicable to the member.
Ron
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An example of when CRSC cannot be paid.
CH 61 retiree with less than 20 years.
Factors:
1. DOD disability retired pay = $2500
2. VA compensation = $1600
3. $2500 RP minus $1600 VA Offset = $900 residual retired pay
4. Dollar amount of longevity portion of retirement = $800
5. Military approved CRSC rate (percentage) = $1200 (example amount)
6. Item 4 is less than item 5 = $800 (lesser amount)
7. $800 minus $900 residual ret pay = zero CRSC payable
8. Retiree receives $1600 VA comp + $900 residual ret pay = $2500 each month
Ron
CH 61 retiree with less than 20 years.
Factors:
1. DOD disability retired pay = $2500
2. VA compensation = $1600
3. $2500 RP minus $1600 VA Offset = $900 residual retired pay
4. Dollar amount of longevity portion of retirement = $800
5. Military approved CRSC rate (percentage) = $1200 (example amount)
6. Item 4 is less than item 5 = $800 (lesser amount)
7. $800 minus $900 residual ret pay = zero CRSC payable
8. Retiree receives $1600 VA comp + $900 residual ret pay = $2500 each month
Ron
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