Retro Pay & Allow 1Apr 2014 - 1Apr 2017
- Thread starter Transporter
- Start date
J
jollyjacktar
Guest
Dolphin_Hunter said:
Revenue Canada has that in hand (my balls, that is) and are getting this to pay towards the taxes from the sea pay back pay. Sigh...
- Reaction score
- 214
- Points
- 880
murrdawg said:
Any chance you could upload it in this thread?
- Reaction score
- 36,449
- Points
- 1,090
Could be the file is too big; it should accept xls and xlsx files. Have you tried ZIPing it?
- Reaction score
- 5,570
- Points
- 1,120
I don't have the newer version of Office at home. (Old/Old school?)
Anyhow, I took the xlsx, saved the format, and punched it out in xls format.
If anyone wants it, drop me a note.
Of note, Spec 1, PO1/CPO2, my guestimate is approximately a total of $8600, with me seeing $4700 after a 45% tax hit. (45% is about what I saw come off my SDA backpay last month.)
NS
Anyhow, I took the xlsx, saved the format, and punched it out in xls format.
If anyone wants it, drop me a note.
Of note, Spec 1, PO1/CPO2, my guestimate is approximately a total of $8600, with me seeing $4700 after a 45% tax hit. (45% is about what I saw come off my SDA backpay last month.)
NS
- Reaction score
- 1,915
- Points
- 1,140
Quite a substantial pay raise and back pay... 7.5k after tax backpay and 8k a year extra.
Edited for typo!
Edited for typo!
- Reaction score
- 214
- Points
- 880
8k a month extra?
Damn I really should have taken CEOTP pilot back in the day!
Damn I really should have taken CEOTP pilot back in the day!
- Reaction score
- 1,915
- Points
- 1,140
Spectrum said:
Good pick up
meant per year! Edited
- Reaction score
- 15
- Points
- 530
While I appreciate any raise, call me less than overwhelmed.SupersonicMax said:
The increase in the cost of living between our last pay raise and this one averaged 1.53% a year (Bank of Canada Inflation Calculator - 2013 to 2017) for a net result of a 6.28% increase in the cost of living against a base increase of just 5% and just about breaking even once the Military Factor is added in. We still fell behind and considering this has just "caught us up" as of 1 Apr 17, we're going to keep falling behind as there is nothing in place for 1 Apr 18...and we can pretty much assume that like the last "x" number of times this has happened, it's going to be another 2-3 years before we get that one...
There shouldn't be a huge chunk of back pay, we should have had that money in our pockets well before now. Like it or not, there is a cost to that, if for nothing less than the deferred tax implications of suddenly having a significant, unforeseen, spike in your income. As alluded to, for people who are getting several tranches of back pay for various reasons, this is having a pretty significant impact on the money they are actually able to benefit from. For folks paying spousal or child support, this could also result in them suddenly owing a significant amount for those issues, depending on the terms of their agreements/settlements.
I'm personally pretty tired of the "retroactivity" on everything that has crept into our pay and allowances over the past 10-15 years, including getting nailed with retroactive cancellations or decreases in allowances resulting in monies owing back to the Crown through no fault of the members.
- Reaction score
- 0
- Points
- 210
murrdawg said:
Thanks, any smart person here do a similar calculator for environmental allowances? Sea pay, LDA etc
Jon
- Reaction score
- 6
- Points
- 430
garb811 said:
Most, if not all unions settled 4 year contracts that don't expire until well into 2018. As far as I know, all of the collective agreements will still be in force as of 1 April 2018, so a benchmark Public Service salary should be an easy calculation, making the CF wage increase an easy calculation. The unions will start the collective bargaining process in early 2018 again. You have to remember that the long period without anything happening resulted from a government that said "it's our way or the highway"...and that's not negotiating in good faith.
So, just for interest's sake, this pay raise changes the threshold for making $100,000 a year base salary from Major-Basic to Capt-Incentive 8.
Of course, that's just a psychological threshold, and military personnel aren't being published in the Sunshine List, but I thought it was an interesting number.
Of course, that's just a psychological threshold, and military personnel aren't being published in the Sunshine List, but I thought it was an interesting number.
Eye In The Sky
Army.ca Legend
- Reaction score
- 3,790
- Points
- 1,160
Half Full said:Time will tell...
Seems you either (1) knew exactly what was going on and when or (2) made the best WAG this calendar year! :nod:
Similar threads
