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I have found something more complicated than FICO!

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Anonymous
Not applicable

Re: I have found something more complicated than FICO!

ok this how my disability went... I only got 10% disability when I got of the ARMY ok...
They gave me something like $4,500 when I got out on disability..
10% disability is at $117 right now but around $98 when I got out....
 
So..... the $4,500 when I got out has to equal to the amount of money I wouldve gotten before they would start issue me a real check, which means the each month the $98 that I wouldve gotten goes towards the balance... after I hit that $4500 in like 4.5years... they finally started issueing me checks every month.
 
 
Message 11 of 15
Anonymous
Not applicable

Re: I have found something more complicated than FICO!

heh yours sound complex like my father that gotten out on like 75% disability and he still fighting with VA because it was higher when he got out 10years ago and they taken out alota stuff that was service related and not including alota things accuring after getting out.
Wish I had a better answer for you...
Message 12 of 15
haulingthescoreup
Moderator Emerita

Re: I have found something more complicated than FICO!

Hey, ivy, I work for the VA, although nowhere around all the sc determinations you're battling with. I know it's a nightmare, though.

I second Lel's advice on, let's see, his 4th post. Smiley Very Happy (Sorry, had to tease.) Get with one of the VSO's (Veterans Service Organizations), and they should be able to help you navigate through the red tape. We have a VSO rep at the outpatient clinic where I hold down a chair, and she is paid by and reports to the VSO's (Disabled American Veterans, AmVets, and so forth.) So she has access to the VA records and computers, but she's not imprisoned by all the different VA departments and the cubicle mentality. She helps veterans navigate through all this stuff.

Even though your DH's problems stem from an organic disease rather than from injury, there are Traumatic Brain Injury programs at many VA facilities now, and he might wind up under their umbrella. This is one of the new groups that is supposed to have some priorities in getting things done and fast tracks in cutting through red tape. Good luck!

(But oh, yes, I agree, compared to the VA, FICO is child's play. Smiley Wink )
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 13 of 15
Lel
Moderator Emeritus

Re: I have found something more complicated than FICO!


@Anonymous wrote:
He served in GTMO in support of OIF and just got back in Sep 07 from Iraq for OEF. "Expedited" and "VA" are kind of oxymorons, aren't they? Smiley Happy

His actual retirement date is five months away right now, so we'll hopefully have it all submitted by next month and then just wait on the DD214 to complete it all. blegh. The only thing that won't be included is a "hard landing" helo crash in N Iraq.. that's because the two others he was on the flight with are now dead, so they can't give supporting statements Smiley Sad We're looking at a healthy sum, which I'm grateful for, esp if he has a hard time finding work at first because of left-over tumor issues.

Oh, and he will NOT be working fed after retirement! nooo waay... probably as a gov contractor, simply because there's less math involved! LOL





If he sustained any injury related to the helicopter crash, and was treated at a field hospital that maintained medical records, then he should submit a claim. His service medical records would (should) be included in his C-file, which would serve as supporting evidence for his claim. Worst case scenario is that the claim will be denied, but if there are residuals as a consequence of the crash then it might get him another 10-20%. Who knows.

Because of his unfortunate situation, he will get SC for his brain tumor, and it should be a comparatively high rating. Remember, however, that there are any number of "residuals" of the brain tumor that you can claim that may get a separate rating. For example, if he has weakness on one side of his body, difficulty with speech, or memory problems, then these could all be claimed separately. Again, the worst case scenario is that these will all be lumped together into a single rating, but it doesn't hurt to try.
Message 14 of 15
Anonymous
Not applicable

Re: I have found something more complicated than FICO!



@Anonymous wrote:
We're talking about his service-connected disability pay THROUGH the VA, not any Social Security retirement or disability. His retirement won't be high-three because he took the redux, so however the redux is calculated (another formula I am unable to find...) plus his VA disability pay.
Not sure what FERS stands for, is it service-connected disability??

We've been told to expect anywhere from 70% to more than 100%. BUT, I read that it's only considered 100+ % if any one of the disabilities is 100% in and of itself. So, if the total of all his disabilities rates more than 100%, but no single one is 100%, then it will be different... that, on top of the confusing redux retired pay calculation, plus concurrent receipt which apparently changes things entirely because of taxes being calculated... HEEELP!

lol




Here is the REDUX formula:

The Redux Formula: Under Age 62 Retirees. Redux is different from the previous
formula in two major ways. First, for retirees under age 62, retired pay will be computed at the rate of 2.0% of the retired pay computation base for each year of service through 20, and 3.5% for each year of service from 21-30. Under this new formula, therefore, a 20-year retiree will receive 40% of his or her retired pay computation base upon retirement (20 years of service X 2.0%), and a 25-year retiree will receive 57.5% of the computation base [(20 years of service X 2.0%) + (5 years of service X 3.5%)]. A 30-year retiree, however, will continue to receive 75% of the retired pay computation base [(20 years of service X 2.0%) + (10 years of service X 3.5%)]. The changed formula, therefore, is “skewed” much more sharply in favor of the longer-serving military careerist, theoretically providing an incentive to remain on active duty longer before retiring.
Message 15 of 15
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