What does "concurrent receipt" refer to?

Concurrent receipt refers to the ability of military retirees to receive both military retirement pay and disability compensation simultaneously. This concept is significant for service members who have incurred disabilities while serving. Before certain regulations were enacted, retirees often had their military retirement pay reduced by the amount of disability compensation received. However, concurrent receipt policy allows eligible service members to receive the full amounts of both benefits, thus providing more financial support to those who have sacrificed for their country and may require additional assistance due to disabilities.

Other options, such as receiving solely military retirement pay or transferring benefits, do not adequately capture the specific definition of concurrent receipt. The option regarding service extension without pay pertains to a different aspect of military service and does not relate to the financial benefits covered by concurrent receipt. Hence, the correct answer focuses directly on the combination of retirement and disability compensation, which is the essence of concurrent receipt.