Me1984 Posted August 10, 2014 Share Posted August 10, 2014 Wondering if any of you all would know the answer, I received my rating today on Ebennies granted 100% with the effective date of January 2014 will I get retroactive pay from then to now? Or does it depend on what they say in my rating decision? Link to comment Share on other sites More sharing options...
0 aggie54 Posted August 10, 2014 Share Posted August 10, 2014 The effective day, at least that's what happen we me. Good luck Link to comment Share on other sites More sharing options...
0 Content Curator/HadIt.com Elder Vync Posted August 10, 2014 Content Curator/HadIt.com Elder Share Posted August 10, 2014 Congratulations! You should expect a nice deposit in your bank. Sometimes it arrives slightly before or slightly after you received the BBE. Be sure to change your %, if you like. Link to comment Share on other sites More sharing options...
0 marine0816 Posted August 10, 2014 Share Posted August 10, 2014 today on Ebennies granted 100% with the effective date of January 2014 When did you first file? Ebenifits shows the Cola date for the new year. If you filed in 2013 the effective date will be that date, so your retro will be more money. NavyWife 1 Link to comment Share on other sites More sharing options...
0 HadIt.com Elder Philip Rogers Posted August 10, 2014 HadIt.com Elder Share Posted August 10, 2014 If the effective date is any date in January, 2014, pay will begin to accrue on 2/1/2014, with the actual payment being received starting 3/1/2014. Your first deposit should be for six months. Payment starts accruing with the first full month "after the effective date." In your first deposit you will be paid for Feb, Mar, Apr, May, June, July, unless they don't pay you until Sep, in which case the payment would include Aug, also. Assuming they will pay before Sep, you'll get the six months and then start receiving the first of your regular monthly deposits on 9/1/2014. VA deposits are usually posted to your account on the first of each month, unless the first falls on a weekend or holiday, in which case they post on the Friday or last business day before the holiday or weekend. VA releases the money, to the banks and credit unions, about 4-5 days before the first of the month. Most banks hold the money, which they use interest free, until the first, whereas most credit unions will deposit the money, in your account, when they receive it. So having your deposits made to an account at a credit union could mean you get your money a few days early. pr NavyWife 1 Link to comment Share on other sites More sharing options...
0 georgiapapa Posted August 10, 2014 Share Posted August 10, 2014 Congratulations on your new rating. Link to comment Share on other sites More sharing options...
0 eagle1012004 Posted August 10, 2014 Share Posted August 10, 2014 Congratulations!!! Link to comment Share on other sites More sharing options...
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Me1984
Wondering if any of you all would know the answer, I received my rating today on Ebennies granted 100% with the effective date of January 2014 will I get retroactive pay from then to now? Or does it depend on what they say in my rating decision?
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marine0816
When did you first file? Ebenifits shows the Cola date for the new year. If you filed in 2013 the effective date will be that date, so your retro will be more money.
Philip Rogers
If the effective date is any date in January, 2014, pay will begin to accrue on 2/1/2014, with the actual payment being received starting 3/1/2014. Your first deposit should be for six months. Payme
Me1984
Thanks for all the congrats and great info. My effective date is October 2013 so 10mths of retro whooohoo
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