The advantage of waiving military retired pay for VA compensation is that VA benefits are not taxable. The member's retirement benefit will be calculated with the additional service credit the member received while on disability. If the member is disabled at least five years, his or her final average salary is adjusted for inflation (according to the Consumer Price Index) at retirement. You will then receive a new booklet explaining your rights and responsibilities as a retired person. If you are a disabled widow or widower, your benefits will be changed to regular widow or widower benefits (at the same rate) at 60, and you will receive a new instruction booklet that explains the rights and responsibilities for people who get survivors benefits.

Benefits post retirement
Social Security has a wonderful program that allows you to estimate your retirement benefits. Jonathan Ginsberg responds Generally, a disability finding by the VA will be of great benefit in your Social Security case. He had been offered a 30 -years and-out early retirement package. He really didn’t want to do it but he pobably would have lost his job had he not. Anybody born in 1960 or later will be eligible at age 67. Social Security disability benefits do not continue past Normal Retirement Age. The month before you attain normal retirement age the disability benefits are automatically converted to retirement benefits.(8) There is a limit to the amount of benefits that can be paid on each Social Security record called the Maximum Family Benefit, generally around 150 to 180 percent of the worker?

There is no post-retirement death benefit available. If such disability shall cease to exist before the recipient of such benefits reaches age sixty, the member's membership status as of the date of the member's disability retirement shall be restored. If the member seeks, before becoming eligible for such retirement allowance, to withdraw the member's accumulated contributions, the total of such disability payments shall be deducted from the amount otherwise due the member.