The public in general is not aware that:
If a servicemember has 20 years of service, breaks a leg in a softball game (and it affects their mobility), they get *ALL* retirement pay *AND* VA compensation.
But if they fall off a tank while reparing it and are paralyzed, but have less than 20 years of service they are *REQUIRED TO FORFIET* retirement pay if they accept VA compensation. (with some rare insignificant exceptions)
Shouldn't a 25 year-old with, say, six years of service get their six years worth of retirement pay? (about $200 a month)
Private companies are required by law to "vest" employees after participating 5 years in a retirement fund. But not the government.
Doesn't the paralyzed 25 year old NEED the extra money, where the 20 year "full" retiree with a limp could probably get by without the VA compensation ($200-$300 monthly)
The public doesn't know this. Even MOST congressmen don't realize it works this way. If they did I KNOW they would be outraged.
2007-03-20
18:25:47
·
3 answers
·
asked by
Navy Spook
1
in
Politics & Government
➔ Military
I am aware of the "I got mine, to heck with you" crowd as well as the "That's the way it is" crowd. But i've never seen them combined with the senilely "How dare you" crowd.
Thanks for your participation OkieBoy, but you didn't even try to answer the question.
2007-03-20
19:08:07 ·
update #1
Seven years ago "The system" didn't allow for those with over 20 years service to recieve retirement AND VA compensation.
That changed because we didn't just "accept the way things are". I fought for your getting concurrent receipt.
But before the 20 year retiree with 10% comp for plantar warts gets more money, I personally feel the 19 year 8 month parapalegic that was "retired" against his will deserves to get his time in service adjusted retirement pay.
The money for retirement pay is deducted off the top of the compensation amount determined by congress for each paygrade.
The money was set aside, it should be used as earmarked.
2007-03-20
20:05:59 ·
update #2
------
Gregory -
The 'funding' issue is supposed to be taken care of. Congress says, "Paygrade x deserves $25,000 annual compensation" They then take about 4.5% of that amount off the top from every service member and put it into the retirement fund. 80% of service members never retire. 2-3% of service members are forced to medically retire. The other retirees ASK to retire. Shouldn't the person forced to retire get their retirement pay?
$100,000 SGLI is only for the active duty. If you got out before 1 DEC 2005 you were stuck with $25,000 life insurance. No Traumatic SGLI.
The "pension" you mention raises your annual income to $10,929 at MOST.
GI bill expires 12 years after you are retired. A great deal if you are healthy enough to serve 20+ years. Our 25 year old loses his GI bill at 37. A 20 year retiree loses theirs at about 50.
They get SSDI if they paid into it... But not their retirement that they paid into??
None of this addresses my original question.
2007-03-21
00:12:00 ·
update #3