CANFORGEN on Pay and PIL

[Jungle]

In that case, it would make sense for them to wait to take the payment as non-taxable severance at retirement.

Non taxable ?? Did I miss something ?

there are apx 15,000 pers posted within the National Capital Region

Do they include Petawawa in the NCR ?  8)

 

[AmmoTech90]

If you take the payment as severance, you get a $2000/year per year of employment prior to, I believe 93 or 94 that you can shelter.  And if you were not building a pension during that time (say reserves) there is another 1500.

 

[Occam]

Non taxable ?? Did I miss something ?

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/trnsfrrng/lgbl-eng.html

If you take your severance at retirement (from the CF), as a true retiring allowance, you can tax shelter some of it in accordance with the above provisions.  This is in addition to any unused RRSP headroom that you've accumulated over the years.

 

[winks2872]

Non taxable ?? Did I miss something ?

Do they include Petawawa in the NCR ?  8)

I do not believe Pet is part of the NCR. It would include everyone under CFSU(O)

 

[ARMY_101]

Do they include Petawawa in the NCR ?  8)

https://en.wikipedia.org/wiki/File:National_Capital_Region_Borders_-_Greater_Ottawa.png

 

[once a gunner]

So, has anyone actually started to receive their payout yet? 

 

[GnyHwy]

There is plenty of talk about it here. http://forums.army.ca/forums/threads/105269.600.html

I believe the simplistic, not requiring an audit (i.e. less than 50% payout and all reg force time) applications are being paid out soon. 

As for the ones that need auditting (everyone else), who knows?  Anyone willing to narrow it down any better than between 3 months and 3 years?

 

[Jungle]

I do not believe Pet is part of the NCR. It would include everyone under CFSU(O)

I know it isn't... I was being sarcastic, wondering if we really need to have close to 25% of our regular force in Ottawa.

 

[dapaterson]

I know it isn't... I was being sarcastic, wondering if we really need to have close to 25% of our regular force in Ottawa.

That number does not correspond to any Reg F stats I've seen for the NCR.  It's oversize, yes, but not that oversize.

 

[Occam]

That number does not correspond to any Reg F stats I've seen for the NCR.  It's oversize, yes, but not that oversize.

http://www.cfsuo-usfco.forces.gc.ca/au-ns/index-eng.asp

"The Unit provides administrative support to approximately 10,000 Regular and Reserve Force personnel employed in the NCR and to 500 military members serving outside Canada."

Way under 25%...

 

[BinRat55]

So, has anyone actually started to receive their payout yet?

Nothing yet. I'm told possibly end of the month, maybe June...

 

[PuckChaser]

maybe June...

June 2015?  >

 

[BinRat55]

June 2015?  >

Lol!! No, this June (for us 50 percenters...)

 

[Jungle]

http://www.cfsuo-usfco.forces.gc.ca/au-ns/index-eng.asp

"The Unit provides administrative support to approximately 10,000 Regular and Reserve Force personnel employed in the NCR and to 500 military members serving outside Canada."

Way under 25%...

Yeah... I was quoting the number in an earlier post.

 

[AirDet]

A little good news, several RCAF bases have announced payment for the 50%-ers. Theirs have been processed to the banks. They did note that the numbers were rather low.

 

[DAA]

They did note that the numbers were rather low.

Kind of makes me wonder if something went amuck along the way....

 

[George Wallace]

Interesting.

Got this email today:

From: FinanceCanadaAlert_AlerteFinancesCanada@smtp.fin.gc.ca
To: me@me
Subject: New Finance Canada document notification
Date: Mon, 22 Apr 2013 14:32:23 -0400

The following Audits and Evaluations has just been posted on the Finance Canada Site.

Audit of Payments in Lieu of Severance Pay
http://www.fin.gc.ca/treas/audit/plsp-pvtid-eng.asp


Vérification des paiements versés à titre d'indemnités de départ
http://www.fin.gc.ca/treas/audit/plsp-pvtid-fra.asp



Please DO NOT REPLY to this message.
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[honestyrules]

Georges,

What I get from this email/link you got is that the Public Service got their payments somewhat quickly and flawlessly on average. Do we know how long they waited after they submitted their paperwork until they got their payments?


It would be nice to get an update on the MIL side of the house. At least knowing that one member received payment already, or some clerk telling us that some will receive it at the end of the month...
I called the BOR a few weeks back and all I got was "we told everybody it would take a long time". I understand their point of view. The clerks don't want to create more expectations from members.

Regards,

 

[George Wallace]

Georges,

What I get from this email/link you got is that the Public Service got their payments somewhat quickly and flawlessly on average. Do we know how long they waited after they submitted their paperwork until they got their payments?

It would be nice to get an update on the MIL side of the house. At least knowing that one member received payment already, or some clerk telling us that some will receive it at the end of the month...
I called the BOR a few weeks back and all I got was "we told everybody it would take a long time". I understand their point of view. The clerks don't want to create more expectations from members.

Regards,

Before you ask again; have you read the previous posts?

 

[honestyrules]

Although I did read thru the whole topic, I managed to miss the one relevent post answering my question :-[ Let me facepalm myself :facepalm: