VACP Treas 310
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wesley982002
4
wesley982002
4
Oct 15, 2014#1
Good day,
I retired as Tera on July 31, 2014. My Disability came out 80%, I also received my brown packet Oct, 9th. This morning I received an amount of $502.55 in my checking account. From what I was told disability is paid every first of the month. It is only the mid month and only received $502.55. Can anyone tell me what is that for? Thank you.
Retired TopKick
11K7,583
Administrator
Retired TopKick
11K7,583
Oct 15, 2014#2
Hello and welcome to VBN and thank you for your service.
Do you have an ebenefits premium account? If so what is it saying in your ebenefits account VA payment account. There is always a reason that goes with the payment such as "retro", "recurring" etc. What does it say in "what we decided" section of your decision letter? Have you called the 800-827-100 phone rep to see what it is for?
I can tell you that the amount you received IS NOT the payment for a vet getting 80% disability compensation. You need to check those two aforementioned sources.
Retired TopKick
100% P&T + SMC-K
SSDI (Now converted to Regular Retirement)
United States Army Retired (1974-2002)
"Never Make Anyone a Priority Within Your Life Who Makes You an Option in Theirs!"
wesley982002
4
Oct 16, 2014#3
I do have the log in to ebenifits. That's where I checked the progress of my claims. In there it says "There is no payment made". And it also says that I should start getting $1745.40 starting Oct, 1st 14. I do know that I should get a back pay from the day that I retired which is Aug 1st, 14. I made some researching and some people says it might be because I added my spouse and child, Cola adjustments or medical ( I do need to take shots twice a week). Just really curious, on how/ where this money came from.
I have not contacted any VA rep regarding this. I will wait until I get my first pay on Nov 1st.
Also, what is "Retro" and "Recurring" means?
Thank you so much!
Jimmybuffit
99771
10 Year Member
Jimmybuffit
99771
Oct 16, 2014#4
Recurring will be the monthly amount that you will receive the first of every month.
Retro is the amount that you will receive from the date you filed the VA claim - not your date of discharge - until you receive your first monthly check/deposit.
There is logic that the $502.55 is for your dependents (retroactive).
Congratulations!
100% P & T Purple Heart - CRSC
Dre77
1,4091
Dre77
1,4091
Oct 16, 2014#5
Retro is back pay. It is the difference between your current pay rate and new pay rate, and is calculated based on the effective date of the new rating or change. If you got an increase or filed a dependent claim, then you could expect a retro payment.
Recurring is your monthly check amount for disability compensation (which is recurring or repeating monthly).
I do know that as a retiree, the VA requires a DFAS audit to assist in calculating retro. But I am not sure how this applies since you recently retired. Most retirees filing an increase or new contention, will wait a long while before seeing their retro payment after the decision is made. Your BBE should include an indication about the deposit amount. You can call Peggy (VA 1-800-827-1000), and the rep can usually tell you what the amount is for, but the rep is not supposed to talk about your claim details until you actually get the BBE.
Air Force 4/14/1999 - 10/13/2006
100% P&T
wesley982002
4
wesley982002
4
Oct 16, 2014#6
jimmybuffit wrote:
Recurring will be the monthly amount that you will receive the first of every month.
Retro is the amount that you will receive from the date you filed the VA claim - not your date of discharge - until you receive your first monthly check/deposit.
There is logic that the $502.55 is for your dependents (retroactive).Congratulations!
I started to file my claim around May 2014, and retired Aug, 1st. Is the Retroactive for the dependants a one time pay or monthly?
Oct 16, 2014#7
Dre77 wrote:
Retro is back pay. It is the difference between your current pay rate and new pay rate, and is calculated based on the effective date of the new rating or change. If you got an increase or filed a dependent claim, then you could expect a retro payment.
Recurring is your monthly check amount for disability compensation (which is recurring or repeating monthly).
I do know that as a retiree, the VA requires a DFAS audit to assist in calculating retro. But I am not sure how this applies since you recently retired. Most retirees filing an increase or new contention, will wait a long while before seeing their retro payment after the decision is made. Your BBE should include an indication about the deposit amount. You can call Peggy (VA 1-800-827-1000), and the rep can usually tell you what the amount is for, but the rep is not supposed to talk about your claim details until you actually get the BBE.
Yes, when I received the letter saying they decided to give me 80% and my pay will be $1745.40 a month, along it is the paper to put my spouse and child to claim, Which I did online cause I figured it will be faster and easier. Thank you soo much for the response. It is a big help as I was very clueless.
Nick
19K6,010
10 Year Member
Nick
19K6,010
Oct 16, 2014#8
If you retired August 1, 2014, the effective date for your VA compensation would be September 1 and you first monthly payment would be due October 1 .
What is the amount of your monthly military retirement?
Nick
USAF RETIRED
100% P&T
100% CRSC
Complete layman - not a VSO and not a VA employee.
Navcop04
1
Navcop04
1
Answering your question
Nov 01, 2014#9
So, the check you received may be the maount over your military retirement pay. I just received mine today. What it is...... let's say you are supposed to receive $1500 a month retirement and your VACP is $1650. They subtract your retirement $1500 from your VACP $1650. Then multiply x's how many months since you have been retired. So if you have been retired for 4 months this should equal $600. Your first month of VACP is withheld, like when we went to bootcamp, and paid the next month. In your case you will get the amount over your retied pay in that check. Then you will receive another lumpsum check when the Military agrees with the VA and the rest is released to you. Should be $1500 x 4 months = $6000. So the formula you can use is this: VACP monthly pmnt - Retired pay = first check. Retired pay x Months retired (minus the first month) = Lump sum back pay. You should be looking for your total VACP check at the end or beginning of each month. Your Retired pay is not affected. Since you are 50% or more disabled, you will receive both in full each month. Remember that your retired pay is taxable and your VACP is tax free. I hope this explained it properly for you. I would relax and see how things go. If you are not receiving both by the end of December, get ahold of your VA rep that filed your claim.
papaac2737
21
papaac2737
21
Jul 19, 2022#10
i asked a question earlyer but dont see it now
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Vol
2,8766,591
☠️
Vol
2,8766,591
Jul 19, 2022#11
papaac2737 wrote: ↑
Jul 19, 2022
i asked a question earlyer but dont see it now
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It was split off to its own thread. Further down the forum, you’ll see it.
missing-vacp-treas-deposits-t198425.html#p1565594