Pension Insider
By David Austin
September 7, 2018                       

                            

Calculating Income

What some veterans and family members don't know is that all non-reimbursed medical costs are deductible in calculating income. For example, for veterans who served during wartime and later became disabled and require aid either at home or in an institution, the VA can provide a pension supplement to bring net annual income up to $20,795 for a single veteran or $24,652 for a veteran and spouse.

      

Non-Service-Connected Pension

If you are a veteran who is 65 years-old and older, or permanently and totally disabled you may be eligible for the VA Non-service Connected Disability Pension (NSC).

   

The VA NSC pension is a program that provides financial support to wartime veterans with a limited income. The amount payable under this program depends on the type and amount of income the veteran and his/her family members receive from other sources. Monthly payments are made to bring a veteran's total annual income (including other retirement and Social Security income) to an established level.

    

   

  

  

  

  

  

  

  

  

     

You may be eligible for the NSC pension if you were discharged from service under other than dishonorable conditions, and you served 90 days or more of active duty with at least 1 day during a period of war time*, and your countable family income is below a yearly limit set by law, and you are permanently and totally disabled, OR you are age 65 or older.

 

See a Veterans Service Officer for more details.

 

*Note: Anyone who enlists after September 7, 1980, generally must have served at least 24 months or the full period for which called or ordered to active duty. Service from August 2, 1990 to present is considered to be a period of war (Gulf War) in addition to other periods of war such as World War II, Korea, and Vietnam.

   

Concurrent Retirement & Disability Payments

The Concurrent Retirement & Disability Payments (CRDP) is designed to remove the offset of VA and DoD payments. The program provides a 10-year phase-out of the offset to military retired pay from receiving VA disability compensation for members who have a combined disability rating of 50 percent or greater.  Members retired under disability provisions must have 20 years of service.

   

Calculating The Survivors Pension

Unsuspecting survivors often experience shock and disappointment when they realize how much money the VA Survivor Pension actually pays.   

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