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Va 21-8951 dec 2024 Form: What You Should Know

Existing Stock of VA Form 21-8951 — No Action Taken in Dec 2016. Exercise of the options will expire if not exercised after the date of the grant (Oct. 1, 2017) or the date of the last exercise of the DC. (October 1, 2017). Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances (21-8951 & 21-8951-2) The Notice of Waiver of Compensation is to be given to the employee to permit him or her to continue to receive benefits for his or her service without any additional requirement for the completion of the application for adjustment to the basic pay grade of E-5, D-5, or D-7. [See Note] When: March 1, 2018, at 11:59 p.m. Eligibility for the Notice of Waiver may be determined for all members of the military who are members of, or who are former members of the Merchant Marine, or are in the grade of E-5, D-5, or D-7 in the active component of the Armed Forces if all the following apply before March 1, 2018: 1. The employee, while a member of the armed Forces, or former member of the armed forces, is eligible for compensation and a reduction in basic pay and allowances; 2. The employee, while a member of the armed forces, or former member of the armed forces, is eligible for pay and allowances other than military service pay and allowances in accordance with section 1074.102 of title 10. The notice of waiver shall be given in an official document, signed by the employee and, when applicable, his or her commanding officer, and shall be in the following form: Notice of Waiver of VA Compensation or, VA Form 21-8951 Notice of Waiver of Compensation for Military Pay and Allowances. Existing Stock of VA Form 21-8951 (E-2) — No Action Taken in Dec 2016. Note: If you received a Notice of Waiver of Compensation, this includes any “P” amount you received prior to Dec 16, 2016. You do not need to complete another VA Form 21-8951. The “P” amounts have been cancelled and are removed from your paychecks.

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