Hi Guy's I am back after a STRESS/de confusion break, now I have a few questions.

well propat mud never tasted better but it seems I am collecting interest on interest, so when I do the COLA I would use the actual COLA figure for that year ie, 1.9% for 2002, 2% for 2003 and so on, and do I use gross yearly net yearly

lmao sure here is an exaple.

2001 you have $100 and 5% inerest thats $105

2002 you get another $100 so you add that to your $105 thats $205 and the 5% for that year is calculated on the $205 to give you $215.25

2003 you get another $100 +215.25=$315.25 calculate your 5%=$331.00

2004 is 331.00+100=441.00+5%=$463.05 and so on.

hope this helps buds

propat

Ok even my German Shepherd is laughing at me

hey propat can you give me a simple guide into the compound interest calculations as I seem to be confusing it with simple interest which I do understand. This is what i know about compound interest, =?
did you get that lol

yup read and react think about it later lol.

propat

exactly right propat so damn true we are far less complicated than people know, lol

lmao sooo true robbie my brother was one of the unluckiest ore luckiest guys on our first tour.u know when things got noisy he was right in the middle of it and next contract he left.now he deals with all this crap and since he is big into the union thing he has to deal with that crap to.he told me ya if i stayed maybe i wouldnt have made it but if i did life would be a frack of a lot less complicated just show up thats it someone will tell ya what to do.

propat

Yes and thanks to this whole SISIP situation I honestly have learned tons I may not like all the info as i do have to absorb it slowly, (grunt mentality) but lard thundern it is a scary place them civilians live in lol

yes buds get this done soonest your monthly income may not go up right away but you will be verry happy you did it when you hit 65/67.

propat

Actually what SISIP told me was I should apply since I was reinstated LTD but what they did not say was that if I failed to apply at all that they will cut off my LTD without prejudice because I did not comply to the terms and conditions within the policy. I was glad I contacted the CPPD Benefit office and the guy was very helpful. He told me that due to not being employed and earning a taxable income for the last 10 years that once I recieved a taxable allowance then i would be expected to contribute so now i get the ball rolling

brother not a problem i will help in any way i can.i just would like to make it verry clear to everyone that if you are not on cppd and not paying into cpp when you hit your cut off age for sisip and go to apply for cpp you may get nothing becouse you havent payed in to it for to long of a time.i really hope you understand how much that would suck.my calcs for cpp were at the highest rate when i went on cppd so they will be frozen at that level till i come off witch in our cases is the absalute biggest advantage to this program.

propat

I love you propat you got a heart of gold brother always assisting others is a rare trait these days, maybe you and i can link up and just sit down (ie through the PM button) and shoot the shite, as seriously I just need answers and seems like way tooooooooooooooooo many people are off topic and that is ok but I want help and I want to help all matters SISIP and Veteran, bravo brother

now that that is over im gonna repost my message to robbie as i extreamly important.

robbie their is no cons to being on cppd as your monthly income will not change if you have no kids.yup you will get less military pention and sisip ltd but cppd will make that up dollar for dollar.

the pros

1.if you have kids your monthy income does go up arround 200 per child.

2.NOW THIS IS A BIG ONE AND I CANT STRESS THIS ENOUGH
YOUR CPP LEVEL WILL BE FROZEN SO WHEN YOU CHANGE FROM CPPD TO CPP YOU WILL RECIVE THAT LEVEL OF CPP.
IF YOU GO A CRAPLOAD OF YEARS NOT ON CPPD AND NOT PAYING INTO CPP YOU MAY END UP WITH A HUGHE DEDUCTION ON YOUR CPP WHEN YOU REACH THE AGE TO GET IT.

TO ALL;IF YOU CAN NO LONGER WORK APPLY FOR CPPD YESTERDAY!!!!!!!!!!!!!

propat

Thanks so much

https://www.cfpsa.com/en/AboutUs/SISIPFS/download/Pages/default.aspx

propat