Takeniteasy
Sr. Member
- Reaction score
- 13
- Points
- 280
We should all read the Veterans Charter and the programs and services that are included. I find it interesting that the One Lump Payment/Or taken over instalments is worded as a Non-economical benefit for injuries suffered while on duty. That is key in this argument ( Non-economical ) http://www.vac-acc.gc.ca/general/sub.cfm?source=information-canadian-forces/services-benefits/disability-benefits
What would the value of a pain and suffering be? Certainly not $270,000 ( for our most seriously ill and injured). The payment is also adjusted annually for cost of living so should anyone who gets a "one time payment" be annually compensated for the increase? Is someone who suffered serious injury in the 90's while on duty better off at the time? No way, just ask Maj Bruce Henwood (retired) about that. It took his and a few others efforts to bring parody to compensation for all ranks who suffer similar injuries. The debate is still ongoing..
2+2
Veteran receiving %100 or less disability ( lets say a bilateral above knee amputtee ) $4500 monthly tax free
4500 X 12 = 54,000 annually X that by 10 years = $540,000 if they receive for 20 years $1, 080,000
Compared to:
2500 X 12 = 30,000 annually X that by 10 years = $300,000 if they receive for 20 years $600,000
500 X 12 = 6000 annually X that by 10 years = 60,000 if they receive for 20 years $120,000 (close to half of what someone gets for %100
Reverse that with the Max total for pain and suffering:
$270,000 / 20 years = $13,500 / by 12 = $1125 a month.... ( decide for yourself on the pain and suffering)
My case $123.00 X 12 = $1476.00 annually X that by 10 years = $14,760 by 20 years = $29,520 X 30 years if I make it = $44,280 ( that does not include the annual adjustment for cost of living/ I have received this for 8 years now %5 )
I am still able to access medical or rehab programs if my condition warrents it. Medical or rehab programs are offered no matter if you fall in the before or after 2006.
** Remember the "Disability Award" ( One time payment-or the old Pension ) is for Pain and Suffering that is NON-ECONOMICALLY related.
Like most government webpages you really have to look hard through all the layers to actually find what it is you are looking for.
Here you can go and find out what types of Disability Benefits there are http://www.vac-acc.gc.ca/general/sub.cfm?source=information-canadian-forces/services-benefits/disability-benefits#what-are
You can read what types of Finacial Benefits there are here http://www.vac-acc.gc.ca/general/sub.cfm?source=information-canadian-forces/services-benefits/financial-benefits
Earning Loss Benefit is only while you are in a rehabilitation or vocational program.
So the Canadian Forces includes for Veterans a "Canadian Forces Income Support" payment that is taxable.
We all have to make the decision based on our own circumstances.
Andrew
What would the value of a pain and suffering be? Certainly not $270,000 ( for our most seriously ill and injured). The payment is also adjusted annually for cost of living so should anyone who gets a "one time payment" be annually compensated for the increase? Is someone who suffered serious injury in the 90's while on duty better off at the time? No way, just ask Maj Bruce Henwood (retired) about that. It took his and a few others efforts to bring parody to compensation for all ranks who suffer similar injuries. The debate is still ongoing..
2+2
Veteran receiving %100 or less disability ( lets say a bilateral above knee amputtee ) $4500 monthly tax free
4500 X 12 = 54,000 annually X that by 10 years = $540,000 if they receive for 20 years $1, 080,000
Compared to:
2500 X 12 = 30,000 annually X that by 10 years = $300,000 if they receive for 20 years $600,000
500 X 12 = 6000 annually X that by 10 years = 60,000 if they receive for 20 years $120,000 (close to half of what someone gets for %100
Reverse that with the Max total for pain and suffering:
$270,000 / 20 years = $13,500 / by 12 = $1125 a month.... ( decide for yourself on the pain and suffering)
My case $123.00 X 12 = $1476.00 annually X that by 10 years = $14,760 by 20 years = $29,520 X 30 years if I make it = $44,280 ( that does not include the annual adjustment for cost of living/ I have received this for 8 years now %5 )
I am still able to access medical or rehab programs if my condition warrents it. Medical or rehab programs are offered no matter if you fall in the before or after 2006.
** Remember the "Disability Award" ( One time payment-or the old Pension ) is for Pain and Suffering that is NON-ECONOMICALLY related.
Like most government webpages you really have to look hard through all the layers to actually find what it is you are looking for.
Here you can go and find out what types of Disability Benefits there are http://www.vac-acc.gc.ca/general/sub.cfm?source=information-canadian-forces/services-benefits/disability-benefits#what-are
You can read what types of Finacial Benefits there are here http://www.vac-acc.gc.ca/general/sub.cfm?source=information-canadian-forces/services-benefits/financial-benefits
Earning Loss Benefit is only while you are in a rehabilitation or vocational program.
So the Canadian Forces includes for Veterans a "Canadian Forces Income Support" payment that is taxable.
We all have to make the decision based on our own circumstances.
Andrew