Of course its a fuck up and why the Chief questioned Brookfield to begin with. He was just up here on IR and back home again. We find it entertaining they're apparently so thick they can't figure it out for themselves.
In 1 week, the new Brookfield Relocation contract and system will come into effect (1 Dec). To summarize, this is what we have been made aware of to date concerning the new system
1. Members registering with BGRS until 27 Nov will be administered under the old system and their files will remain open for 1 year;
2. From 0800 – 2000 hrs you will have access to a BGRS representative;
3. All Benefits remain the same;
4. Member’s Skpe conference/teleconference with their BGRS representative will be recorded and they will have access to those online 24/7;
5. CAF will issue future T4’s for postings effective 1 Dec and beyond;
6. CAF members will log on to the system and complete their profile much like we currently do – the system will prompt the member who is relocating through the various steps of their relocation dependant on their personal circumstances (buying, renting);
7. BGRS will book flights for CAF members through HRG;
8. CAF members will pay all 3rd party providers (real estate, lawyers, Home inspectors, etc.) via a loaded cash card/visa;
9. An advance will be requested on the program and within 24hrs it will be loaded to their cash card/visa;
10. This cash card will not affect CAF members credit rating;
11. There will be a list of all 3rd party providers that members will be able to choose from much like we currently have;
12. CAF members will scan their receipts to BGRS however the original receipts will have to be kept for 7 years in the event of an audit;
13. It’s vital that CAF members read Know your Benefits in ref D and E below in addition to the Canadian Forces Integrated Relocation Program (CFIRP) and CBI Chapter 208 – Relocation Benefits; and
14. Posting allowance will be taxable and member’s will not be able to roll into RRSPs or buy down their mortgage rate;
15. Cash card/Visa will be provided by Berkley and member’s will have access to a 24/7 phone number for any potential problems.
16. When the member receives their posting message, they must register on the secure website and request the RELO card; it will be sent within 5 days
Lumber said:I'm curious about the relo card. How many third party providers are going to have issues being paid by a cash card? During my last move, most of the 3rd party providers paid just billed Brookfield directly, or took hard cash.
No. That is something different. It is retroactive changes to posting allowances based on the recent retroactive pay increase.NFLD Sapper said:Looks like this might be related:
Lumber said:I hear there a bodega around the corner that'll exchange 'em for cash...
dapaterson said:Simpler and less expensive, presumably.
ballz said:What's really happening here is you are being paid out the full personalized envelope and the taxes are being deducted at source. So now you pay the full mortgage penalty up front, and can deduct it all in tax season. The dollar effect is technically no different, same thing as the RRSP (having deposited directly in an RRSP vs depositing it yourself), but now the member has to foot the bill until their tax return..... and how many are not going to realize just what they can claim on their taxes?
Simpler and less expensive for BGRS. I don’t think anyone is concerned with the member.JesseWZ said:When has anything to do with pay and benefits been changed so the net effect ended up being "simpler and less expensive..."
*cough* Phoenix *cough*
Eye In The Sky said:Maybe it's early so I am not following...but the last time I was posted I had my Posting Allowance deposited directly into our spousal RRSP, so no tax deducted at source. Now, I will get the PA minus taxes (somewhere around 50% would have been deducted if I had of taken it in cash)...how exactly am I still able to put my entire PA into a spousal RRSP if I only get half of it to start with.
exgunnertdo said:I guess...if your PA is $5000, they take $2.5K in tax, you can still put $5k into your RRSP, funding the $2.5K taken for tax out of your own resources (LOC?) then get the tax back, pay off the LOC? Cause that's easy, right? [/sarcasm]
The new chip cards will be accepted everywhere a MasterCard is accepted. Currency rates are accurate and the security is there too.exgunnertdo said:As someone currently on an OUTCAN, I don't see the cash card working for us, I don't believe they can issue something like that in Canada that will be compatible here. We will need to use our own credit card/cash when we leave here in 2020. We can use the cash card on the HHT back to Canada, but for expenses here it won't work. It will be worse for people moving here - they'll have an HHT with no cash card (hotel, meals, rental, rental search agent), then several weeks in a hotel here waiting for their furniture (we were 4 weeks in a hotel), rental car waiting for the POMV to arrive (6 weeks for us), before the HHT claim is settled (our HHT claim was settled after we arrived here, same for the other families that arrived this APS). That's a ton of money to expect the member to cover on their own with no advance. OUTCAN moves take forever to settle - we received our HG&E mid August, our claim wasn't settled until mid November. Without a big advance, we'd have been paying 2 months interest on a big balance on our credit card.
So it sounds like anything that comes out of personalized, we'd have to fund those out of our own pockets (ie not on the cash card), then the payout of the personalized funds will come on our pay later? Or will it be possible to advance on the posting allowance/personalized envelope? We used our personalized funds for two big items - extended HHT and pet shipment, both a much bigger factor in an OUTCAN move.
Put those two things together, posting season will be tight on the credit card/bank account for families going or coming from OUTCAN.