Occam, yeah, I've been reading it through it and running some numbers. It looks like COLA won't be included. I'll give you an example using my own situation, along with the COLA tables that VAC uses:
2007 -2.2917%
2008 -2%
2009 -2.5%
2010 -3.25949%
2011 -3.346776%
2012 -2.8%
2013 -1.8%
2014 -0.9%
2015 -1.8%
2016 -1.2%
I got $260,212 in 2008, at 100%.
So if you take that number, and add all the COLA increases starting from 2009 until the present day, you end up with just over $310,000, which is of course the amount of 100% award today. The math holds up no matter which year you use. If you take, for example, someone who got 100% in 2010, and add in each years COLA increase, you end up at around $310,000.
Basically, according to VAC, the two numbers are equal. I.e. $260,000 in 2008 is the exact same as $310,000 in 2016, in terms of purchasing power. Which is another reason why I don't think we'll get COLA. Beause in the eyes of VAC, everyones been paid the same. Frankly, if they DO give us COLA, the more recent guys would have a valid grievance. $260,000 in 2008 plus $100,000 in 2017 is significantly more valuable then $310,000 plus $60,000 in 2017, even though both numbers total $360,000
I think the calculation will go like this (Ill use my situation, with my specific numbers in red):
"A
is the amount set out in column 3 of Schedule 3 to the Act, as that Schedule read on April 1, 2017, (100% on the new tables, i.e. $360,000) that corresponds to the member’s or veteran’s extent of disability, as set out in column 2, for which the disability award was received, reduced — for every calendar year from2016 until the year in which the disability award was received — by a percentage calculated in accordance with the method of calculating the percentages (this "reduction number" is $50,934, taking my existing DA of $260,000 and subtracting the difference between being paid out in 2016 and 2008) by which the amounts set out in Schedule 3 to the Act are periodically adjusted; and"
So in my case, A equals $309,066. B equals my existing payout of $260,212, which means my top up will be $48,854. A - B = $48,854/
If you run this method for every year under the assumption of 100%, you get pretty much the same number:
2009 award @ 100% (B): $266,717 (2008 award*2.5%)
Reduction number from $360k (A): $316,468 ($360,000-$49,751)
Top up (A-B): $49,751
2010 award @ 100% (B): $275,385 (2009 award*3.25%)
Reduction number from $360k (A): $327,395 ($360,000-$33,605)
Top up (A-B): $51,010
2011 award @ 100% (B): $286,726 (2010 award*3.34%)
Reduction number from $360k (A): $335,629 ($360,000-$24,371)
Top up (A-B): $48,903
2012 award @ 100% (B): $294,754 (2011 award*2.8%)
Reduction number from $360k (A): $343,200 ($360,000-$16,800)
Top up (A-B): $48,446
2013 award @ 100% (B): $300,059 (2012 award*1.8%)
Reduction number from $360k (A): $348,298 ($360,000-$11,702)
Top up (A-B): $48,239
If you keep going until 2016, you'll get the same thing: no matter what year you got paid out, everyone is more or less getting the same amount as everyone else with the same %, give or take a half a percentage point or so, depending on your specific circumstances. All 100%'ers will get roughly the same. All 90%'ers the same, etc.
That's why the example from VAC didn't give the year, because it doesn't really matter. The year matters in the sense that the calculations will be different. The MATH underneath your final number will be different from that of someone else. But effectively, it all ends up at the same place.
And yeah, that is a pretty big dent. Better then nothing, of course, but I was pensioned at age 25 nine years ago. If I was under the pension syste, I likely would have ALREADY been paid around $270,000 or so, and still have (god willing) another 50 years or so. The guy with the exact same injury as me only two years sooner got a pension worth probably around $1-$2 million. It's a little tough to swallow. I mean, yeah its better then nothing. But the discrepancy between being hurt in 2005 and being hurt in 2007 is astronomical. I'm finding it a little tough to be overjoyed by the table scraps when the guy beside me gets a lifetime buffet. I don't begrudge any vet that got the pension, of course. But man....what the frig where they thinking when this got passed? Where the hell was the Legion? Where the hell was anyone?