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Disabled Veterans Tax Termination Act

Source: Congress.gov  ·  880 words in original text
This bill changes how military retirees with service-connected disabilities receive payment. It allows retired members of the Armed Forces with disabilities rated less than 50 percent to receive both their retired pay and veterans disability compensation at the same time. The bill also extends these payment rights to certain military retirees forced out because of disability who have fewer than 20 years of service.
Retired members of the Armed Forces with service-connected disabilities (disabilities caused or worsened by military service) rated less than 50 percent. Members retired under chapter 61 (a military disability retirement program) with fewer than 20 years of service. The Department of Veterans Affairs (the government agency that administers veterans benefits).
- Retired members with service-connected disabilities rated less than 50 percent can now receive both retired military pay and veterans disability compensation at the same time instead of having to choose between them (Sec. 2(a)) - Military retirees forced out because of disability under chapter 61 with fewer than 20 years of service become eligible for concurrent payment of retired pay and disability compensation (Sec. 2(b)) - The retired pay of chapter 61 retirees with fewer than 20 years of service can only be reduced by the amount that exceeds 2.5 percent of their years of service multiplied by their retired pay base (Sec. 2(b))
If this bill becomes law, eligible military retirees will no longer lose retired pay when they receive veterans disability compensation. The bill removes eligibility restrictions based on disability ratings and years of service. It updates the legal language and removes outdated phase-in requirements from previous law.
Service-connected disability: A disability caused or worsened by military service. Chapter 61 disability retirees: Members forced to retire early because of a service-connected disability. Creditable service: Years of service counted toward military retirement.
The first day of the first month beginning after the bill is signed into law, and applies to payments for months beginning on or after that date (Sec. 2(f))
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.