This isn't a political debate about how the Liberals are "better" then the Conservatives. People vote based on their priorities (in theory at least). There are tons of priorities you could have that would make voting Conservative a smart vote. But wanting more generous benefits for vets is not...
I actually consume news from a variety of sources. I also don't just read headlines, but dig into the specifics. I'm assuming you're a steady Fox News viewer? That cesspool is a bubble designed to keep the middle and working classes in the dark about how they're being robbed, by feeding you a...
Legislation "belongs" to whoever passed it not whoever started it. Harper and the Cons didn't HAVE to pass it. They could have made small changes, big changes, or just not passed it at all. The fact that they did means they own it.
And in any event, the bigger picture is, if a voters primary...
The first point seems real dodgy. Why 100%? So if you were pensioned at 95% you can get the lump sum but not 100%? What about 97%? The whole point of NOT paying the lump sum to those that took the DA is that they already got their money. The exact same logic would apply to every pensioned vet...
Yeah, please share, that'd be great. Don't get me wron,g I'm skeptical, but it would be great news. I'm at 100% but only paid out about $310,000 in total because I was pensioned in 2007.
Is that missing $9000 AFTER you subtract the yearly CPI numbers?
My guess is the guys that work the phone dont know or understand the specific formulas. Its not as simple as taking $360,000 and finding out out what 75% (or whatever youre rating is).
The only ppl who will be able to use their %...
Well, keep us posted. I've only been paid about $310,000 in total even though I'm at 100%.
Again, I keep reading and re reading their language:
"VAC takes the new maximum Disability Award and/or Death Benefit amount ($360,000)—that came into effect on April 1, 2017—and adjusts downward by the...
Yeah, exactly. That's a shitty way to do it (see my post above) but that's pretty explicitly the way they MEANT to do it. We can quibble with the formula, but it's not like they made a mistake. That's the way it's written in the act. I'm sckeptical they'd change that, unless the new top up in...
Yeah definitely keep us posted. This wasn't unknown (at least to me) if you go back on the main top up thread, you'll see that was my main point. the closer to 2017 a vet was injured, the closer they'd get to recieving the ACTUAL number of $360,000. I complained pretty bitterly about how the...
Yeah, they have absolutely no idea how many ppl will choose the lump sum, and since the pension is nominally more money, they'll obviously do the accounting based on everyone taking the pension, whether they do or not. So of course they'll save money on paper, they're only accounting for...
Thanks for that. Color me skeptical still, but that does provide a strong argument. It DOES seem incomprehensible that they would offer the choice between two pensions totalling over $1 million lifetime value and....$60,000 (in my case).
In fact, if they offer two lump sums for each (totally...
I understand all this, but all they say here is that you have the OPTION to take a lump sum, not how much that would be or what the formula is. For my case, I'm at 100% and been paid $300,000 already. So if I opt for the lump sum and only get $60,000 (to bring me to the new max of $360,000)...
For sure in that scenario, the lump sum is by far the better option. Thatd be sweet if they only took a small bit of what youve been paid, but Ive never known VAC to work like that. I would bet the $360k is the total LIFETIME a vet would get. So in your case since you got your lump sum...
Their case studies don't have anything to say about the lump sum though, other then that it's an option. It doesn't say anything about methodology, or monies deducted etc.
But considering the case studies for the monthly payment DO deduct payments for monies already paid, it stands to reason...
I don't have any better info, and I certainly hope you're right, but barring specific wording from VAC I'm really skeptical that any lump sum would NOT take into account any previous monies paid with regards to the $360,000 max payout.
In my case, I'm 32, and assessed at 100% in 2008, so I've...
Thanks for the response. I looked at the CFIS but doesn't say anything about rates. The feel I get aboout the way the program is explained is that even if approved, you'd be taking a paycut from ELB. Anyone know what the rate for CFIS is?
Yep, couldn't agree more.
IMO, their refusal to address the lump sum question IS an answer. The more I think about it, I'm about 95% sure if we opt for the lump sum, they WILL deduct whatever we've been given already from it.
In the case of the 100% in 2007 example, the vet would have been...
So just to clarify, let's say you're 100%, you're entitled to take the lump sum of 100% as of April 2019? $360,000?
Would that subtract the DA money you've already been paid? i.e. using the example they give their (100% in 2006 = $250,000) would you be paid $110,000 if you elected lump sum? Or...
I understand the ELB is not meant to be permanent, but a guy I know says they're kicking him off. Obviously I dont know his exact situation and he may not be totally up front about whats going on, but it did get me thinking.
CAN VAC just end ELB? Im not talking about cases of fraud or anything...
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