'Recent reports suggest that the Government is shortchanging Veterans with proposed changes to the Earnings Loss Benefit (ELB). I would like to correct some misinterpretations of the improvements we delivered in Budget 2016.
Our budget allocates $5.6 billion to improving Veterans’ benefits. Out of this $5.6 billion, $2.6 billion was allocated to increasing the Earnings Loss Benefit from 75% of a Veteran’s pre-release salary to 90% of that salary. Every ELB-eligible Veteran will receive more as a result of these changes.
The Earnings Loss Benefit is a temporary measure that provides financial security to injured Veterans undergoing rehabilitation as a result of a service-related injury. It is but part of a suite of benefits available to facilitate a successful return to work outside the Canadian Armed Forces. When an injured Veteran is deemed permanently unable to work, other supports are also available—including the Career Impact Allowance—which compensates for the loss of potential earnings.
No Veteran will be, or has been demoted to a rank below the one held when he or she left the military. In some cases, they will receive more than 90% of their pre-release salary. Changes in Budget 2016 mean the minimum Earnings Loss Benefit payable will be $44,496 per year. Veterans will get 90% of their pre-release salary, or the minimum, whichever is greater.
The Earnings Loss Benefit is not provided in isolation. Veterans receive a holistic suite of services and supports, including the Career Impact Allowance and Disability Allowance—benefits that were also significantly increased in Budget 2016 by $3 billion. Veterans Affairs Canada also pays for physical rehabilitation, vocational retraining and counselling for medically released Veterans. Veterans receive these supports as they focus on recovery, wellness and finding a new purpose.'
I have a confusing question for this. While under LTD from SISIP manulife, the current formula is 75%. The 90% top up is suppose to start in October 2016. But I can't seem to get a straight answer from SISIP or VAC where the extra 15% is coming from. From my understanding the amount from SISIP through LTD is 75% and the extra 15% will come from VAC. Both VAC and SISIP Manulife have refereed me to each other to get an answer. Either the information isn't distributed to the companies and it's going to be a real crap show come October, or both sides are still working out the details and don't want to say anything.
It seems pretty bad, 3 months out and nobody has a straight answer.