| Concurrent Retirement and Disability Pay | | | | Withholding (SITW).The payments are also |
| (CRDP) is a phased-in reinstatement of | | | | subject to collection actions for child |
| the retired pay deducted from military | | | | support, community property, government |
| retiree's accounts due to their | | | | debt, alimony, and garnishment. The |
| receiving of department of veterans | | | | Concurrent Retirement and Disability Pay |
| Affairs (DVA) compensation, showing on | | | | payment rates are as follows: |
| their Retiree Account Statements as the | | | | (computation begins with the "table |
| "VA waiver". The phased-in restoration | | | | rates")-If rated unemployable |
| started January 1, 2004 with the initial | | | | $750.00 |
| payments dated February 2, 1004.A person | | | | -If rated at 100% $750.00 |
| is qualified for the Concurrent | | | | -If rated at 90% $500.00 |
| Retirement and Disability Pay if they | | | | -If rated at 80% $350.00 |
| have a DVA-rated, service-connected | | | | -If rated at 70% $250.00 |
| disability of fifty percent or higher, | | | | -If rated at 60% $125.00 |
| except if they are a disability retiree | | | | -If rated at 50% $100.00The total |
| with less than twenty years of service | | | | computed CRDP amounts based on the rates |
| or a retiree who combined the military | | | | will increase each year until January |
| time and civil service time to meet the | | | | 2014 when they will be receiving their |
| criteria for a civil service retirement. | | | | full retired pay entitlement and their |
| If they have combined the military time | | | | DVA disability compensation with no |
| and civil service time in order to | | | | reduction. Unlike Retired Pay |
| improve their civil service retirement | | | | Cost-of-Living Allowances (COLAs), The |
| from OPM, then they are eligible for the | | | | Concurrent Retirement and Disability Pay |
| Concurrent Retirement and Disability Pay | | | | increases will be effective on the 1st |
| payments, but they will have to replace | | | | of January every year, to be paid on the |
| their retired pay by coordinating with | | | | first business day of February. In |
| OPM. If one becomes eligible for CRDP, | | | | addition, since retired gross pay, DVA |
| their payments will start | | | | compensation, and consequently VA waiver |
| automatically.Payments from the | | | | amounts, increase very year with COLAs, |
| Concurrent Retirement and Disability pay | | | | they will not be able to precisely |
| are delivered through direct deposits or | | | | extrapolate CRDP amounts for upcoming |
| mailed-based on their current retired | | | | years.CRDP amounts will automatically |
| pay information. The payments will | | | | decrease or increase based on the |
| reflect as a decrease in the VA waiver | | | | percentage of disability accounted to |
| deduction on their retiree Account | | | | the Defense Finance and Accounting |
| Statement, but they will maintain to be | | | | Service (DFAS) by the DVA. Just |
| given the same amount from the DVA.The | | | | remember that the monthly CRDP amounts |
| Concurrent Retirement and Disability Pay | | | | cannot go beyond the lesser of your |
| payments are taxable according to their | | | | monthly gross related pay or VA waiver |
| current retired pay federal Income tax | | | | amount.Milos Pesic is a successful |
| Withholding (FITW) tax rate and may have | | | | webmaster and owner of popular and |
| an effect on the amount they wish to | | | | comprehensive Retirement |
| have deducted for State Income tax | | | | information site. |