can someone please answer!!!!

Redfisher:
It looks like the last 5% will be on the total amount, because all interest is annual. Total of your money held plus 5%! I may be wrong but I think its right.
Chimo

I am a wee bit confused. I understand that we get 3.27% of the total retro added on.
The last 5% is this just on the 2012 retro or the whole retro? It seems to me that the 5% would just be on the retro from 2012.

If it is 3.27% plus 5% this = 8.27% on all retro.

Please clarify

Thanks for all the support here boys and girls. When Maggie showed me how to do the real math, and with Robbies COLA adjustment, it looks like a pretty damned good deal. It has only been 5 years for me as I never would have imagined this would ever happen. I am owed from I think July 1990 or 91. Never dreamt of seeing this day. Thanks Legal and of course Dennis.
Chimo
A broken ass 1 CER sapper

You deserve it waiting so long good for you sapper ... enjoy it with your family...


Chimo Brother

Sapper, you made money , alot, it's a good deal, maggggggggggggie is correct!

SISIP COLA's
1990-1996=2%
1997= 1,50%
1998= 1.75%
1999= 0.75%
2000 - 2001= 2%
2002= 1.90%
2003= 2.%
2004= 1.60%
2005-2006= 2.%
2007= .90%
2008-2009= 2.%
2010=0.25%
2011-2012=2.%

CPP/QPP
1990=4.1
1991=4.8
1992=5.8
1993=1.8
94-95=1.9
96=1.8
97=1.5
98=1.9
99=0.9
2000=1.6
01=2.5
02=3.0
03=1.6
04=3.2
05=1.7
06=2.3
07=2.1
08=2.0
09=2.5
2010=0.4
2011=1.7
2012=2.8

CFSA COLA
1990=4.7
1991=4.8
1992=5.8
1993=2.1
94=1.9
95=0.6
96-97=1.6
98=1.9
99=0.9
2000=1.5
01=2.5
02=3.0
03=1.6
04=3.2
05=1.7
06=2.2
07=2.3
08=1.8
09=2.5
10=0.5
11=1.4
12=2.8

hope these numbers help

K9. SISIP does go up every year, but it is maxed at 2%. So someone would have to find out exactly what each COLA was since 1990, to calculate his retro amount

Sapper, the way Sisip does the math is they take your last salary, and give you 75percent less military pension if you have, less CPP if you have and less other income......

Then every year I think they had 2 percent to the year before salary, soit goes up every year!

Maggie...if you are correct, and I hope you are...this changes the scenario drastically!! I was losing sooo much and now? When I called sisip they only told me what I was making in 1990. So my retro is anyones guess.

So here is my understanding of things using $10000 per year going back to 2002.

2002 - $10000 x 5% = $500 in interest
2003 - $20000 x 5% = $1000
2004 - $30000 x 5% = $1500
2005 - $40000 x 5% = $2000
2006 - $50000 x 5% = $2500
2007 - $60000 x 5% = $3000
2008 - $70000 x 5% = $3500
2009 - $80000 x 3% = $2400
2010 - $90000 x 3% = $2700
2011 - $100000 x3% = $3000
2012 - Jan-Apr $103333 x 3% = $1033
2012 - May-Dec 110000 x 5% = $3666
Plus 5% of money made until the payment for 2013. If feb it will be
Plus 3.27% of the total principle

Just partial years are just a guestimation, but I think they're pretty close. So this person would have a principle clawback of just over $110000, and make possible another $25-28000 in interest.

SApper, I think you are missing the idea that these are annual interest rates... amount earned in 2002 would earn 39% on just that year's total... 5% for EACH year 2003, 04,05,06,07,and 08, and 3% for Each of 09,10,and 11... for a total of 39% from money owed at the beginning of 2003.

The amount earned in 2003 would earn 34%, the amount from 2004 29% etc

I think you will be pleasently surprised when you see your interest total.

I specifically asked Peter this afternoon if they were annual rates and he confirmed that they were.

Looking back at the thread.. Bigrex probably explained it better, but both ways of calculating the interest are correct.

K-9 read the deal on leavenovetbehind.ca It says that they will pay you 5% on your total from May 01/ 2012) to the date the amount is paid to McInnes cooper in trust. Then sent to you.

Bigrex explained it very well... I just gave an example on the thread looking for the samples Peter was going to post.... I hope that helps you figure it all out.

They lumped those years together in the proposal because that will be the interest used per year during that timeframe. So they would add 5% of the principle for every year between 2002 to 2009, and then add 3% for every year until the judges verdict in May. Interest accrued since then, until it is paid, will be calculated at 5%. The tax top up of 3.27% is calculated upon the total amount deducted, so if they clawed back $100000, the additional 3.27% would be $3270.

They also have to assume that we are putting that money in the bank to be saved. So if you earned 10000 for 2002, they add 5% for that annual interest.If you made another $10000 in 2003, then they would have to calculate interest of 5% on the total of $20000. Even for those of us who only got 2 years, they would have to calculate the annual interest rate on the principle amount, up until we receive the payment. the only difference is, the principle amount will be static, while the reinstated clients will have a principle that grew exponentially over the years, thus the interest earned will also grow, even without it being compounded.

The rest seems good since we are talking about simple interest.