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Get Election Of Compensation In Lieu Of Retired Pay
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How to fill out the Election Of Compensation In Lieu Of Retired Pay online
Filling out the Election Of Compensation In Lieu Of Retired Pay form is an essential step for veterans seeking to receive compensation from the Department of Veterans Affairs. This guide will provide clear, step-by-step instructions to help users successfully complete the form online.
Follow the steps to complete the Election Of Compensation In Lieu Of Retired Pay form.
- Press the ‘Get Form’ button to acquire the Election Of Compensation In Lieu Of Retired Pay form and access it in your chosen digital document management platform.
- In section 1, you will need to locate the address of the VA office that pertains to you. Ensure that you have this information on hand before proceeding.
- In section II, provide your name as the veteran. Make sure that this matches the name associated with your VA file for accuracy.
- Enter your VA file number, which is crucial for identifying your records within the VA system.
- Next, input your service number. This is typically found on your discharge paperwork or VA identification.
- Provide your social security number. This information is used for verification and processing your compensation claim.
- Proceed to the declaration section, where you will select whether to receive compensation from the Department of Veterans Affairs in lieu of your total amount of retired pay or waive the equivalent amount of your retired pay.
- Sign and date the form in the designated areas. Your signature confirms your election and agreement to the terms stated.
- After completing all sections, review the form thoroughly for any errors or missing information.
- Once you are satisfied with the completed form, save your changes and choose to download, print, or share the form as needed for submission to the VA office.
Begin completing your Election Of Compensation In Lieu Of Retired Pay form online now.
If your combined disability rating is 40% or lower and you do not have a combat-related disability, then your military retirement pay will be offset, or deducted, by the amount of VA service-connected disability compensation you receive.
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