Ssb vsi program

Payments are calculated by multiplying final monthly Basic Pay by 12, then by years active duty service, and multiplied again by. Payments are made over a period of time that is equal to twice the number of your years of service.

For instance, if you had 10 years of service at separation, you would receive a yearly VSI payment for 20 years. Partial years are prorated. If you served 18 years 4 months, your final installment would be 4 months of pay. Skip to main content Press Enter.

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How Long Does It Take? Types of Retirement. Recall to Active Duty. Estimate Your Pay. We deduct your VA award from your gross retired pay, and then withhold 40 percent of that amount for recoupment purposes.

You may send us any documentation you have showing the amount the VA collected. The required gross recoupment includes the amount paid to the member plus the amount withheld and paid to the IRS. This ensures that the member is not taxed twice. The laws requiring recoupment can be located at 10 U. We cannot change previously issued R forms, nor can we recover any funds sent to the IRS to cover the taxes on the payments already made to you. This is not a debt, but rather a recoupment.

We are required by law to recoup these separation payments; therefore, we cannot consider waivers. You can request a more lenient repayment plan if you are experiencing financial hardship.

We will consider your application for hardship if the recoupment prevents you from meeting the costs necessary for essential subsistence. These essentials include food, housing, public utilities, clothing, transportation, and medical care.

Your notification letter will include a link to the Financial Statement of Debtor and a set of instructions. Please follow the instructions and return the completed Financial Statement of Debtor within 45 days of receipt of the letter to the address below. Defense Finance and Accounting Service U. Military Annuitant Pay E 56th Street Indianapolis IN You can submit the statement any time your financial status changes and results in a hardship.

If financial hardship is found, the recoupment rate will be reduced based on your financial condition. The minimum approved financial hardship recoupment rate is 10 percent.

Deep in the midst of economic recession, I cannot currently bare this financial burden. As I stated above, I gave the remaining 18 months of my enlistment that I was obligated by contract with Department of the Army to complete and the required 3 years of reserve duty, which I was not obligated to do at the end of my enlistment. Amy or the U. Army Reserve and I have not qualified for retainer pay. In the Department of Defense Financial Management Regulation, it does not deal with members who did not retire or qualify for retainer pay having the SSB payment recouped.

Later, some members did qualify for retirement and retainer pay. It is my belief that the law for the VA to recoup the SSB payments was for those particular members who retired or qualified for retainer pay. Under recoupment of this program, the Secretary of the Military Department concerned or designee may waive the requirement to repay the voluntary separation pay if it is determined that recovery would be contrary to the best interests of the United States. I am asking that the Secretary of the Military Department concerned or designee grant me this waiver.

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