VA Form 21-8951-2. Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances
VA Form 21-8951-2 Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances is a form used to waive VA compensation or pension payments in order to receive military pay and allowances.
This form consists of several important fields, including the name and contact information of the veteran or service member, the amount of VA compensation or pension being waived, and the effective date of the waiver. The veteran or service member must also sign and date the form to indicate their agreement to waive their VA compensation or pension payments.
It is important to consider that waiving VA compensation or pension payments may have an impact on the veteran or service member's financial situation, so careful consideration and consultation with a financial advisor may be necessary when filling out this form.
When filling out the form, additional documentation may be required, such as a copy of the veteran or service member's military orders or other proof of military service.
Examples of when this form may be required include when a veteran or service member is called up for active duty and wishes to receive military pay and allowances rather than VA compensation or pension payments.
Strengths of this form include its clear and concise format and the ability to waive VA compensation or pension payments in order to receive military pay and allowances. Weaknesses may include the potential financial impact of waiving VA compensation or pension payments.
Related and alternative forms include the VA Form 21-526EZ Application for Disability Compensation and Related Compensation Benefits and the VA Form 21P-527EZ Application for Pension, both of which are used to apply for VA compensation or pension payments.
The submission and storage of this form may vary depending on the Department of Veterans Affairs regional office handling the application. It is important to follow the instructions provided by the regional office when submitting this form.
Overall, the VA Form 21-8951-2 Notice of Waiver of VA Compensation or Pension to Receive Military Pay and Allowances is an important form for veterans and service members who wish to waive their VA compensation or pension payments in order to receive military pay and allowances. Careful consideration and consultation with a financial advisor may be necessary when filling out this form, as waiving VA compensation or pension payments may have a significant impact on the veteran or service member's financial situation.