Veteran Services: Finance Questions

Finances

You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.

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I have been researching combat related special compensation (CRSC), and I cannot find a calculator that can tell me how much I will make. Could someone please let me know how to figure it out or send me to a website that can do the math for me? – Richard

Answer: 

CRSC is not really “extra” money in your paycheck. Rather, it is compensation to make up for the reduction of military retirement due to receipt of VA compensation for a combat-related injury. Generally, if you receive VA compensation for a disability (less than 50 percent), your military retirement is reduced by that same amount. However, if you qualify for CSRC, you would receive a payment to offset the offset. In other words, your pay would be the same. Here’s a link to the DFAS website that explains how it works. http://www.dfas.mil/