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I hereby elect to receive compensation from the Department of Veterans Affairs in lieu of the total amount of retired pay or waive that portion of my retired pay which is equal in amount to the compensation which may be awarded by the Department of Veterans Affairs. 7. DATE 6. SIGNATURE OF VETERAN VA FORM JUN 2015 21-651 SUPERSEDES VA FORM 21-651 MAR 2005 WHICH WILL NOT BE USED. ELECTION OF COMPENSATION IN LIEU OF RETIRED PAY OR WAIVER OF RETIRED PAY TO SECURE COMPENSATION FROM DEPARTMENT OF...
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What is election of compensation in?
It is a form used to elect how an employee wishes to receive compensation.
Who is required to file election of compensation in?
Employees who want to choose how they receive their compensation.
How to fill out election of compensation in?
Employees must provide their personal information, compensation choices, and sign the form.
What is the purpose of election of compensation in?
To allow employees to choose how they want to receive their compensation, such as cash, benefits, or other forms.
What information must be reported on election of compensation in?
Personal details, compensation choices, and employee signature are required.
When is the deadline to file election of compensation in in 2023?
The deadline is typically by the end of the calendar year or as specified by the employer.
What is the penalty for the late filing of election of compensation in?
Penalties may include delays in receiving compensation or administrative consequences.
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