When do Checks get sent out? Who is Priority?Within 2 weeks?

I will call DW this morning to verify checks could potentially be in the works already.

cheque? as one of those "Zero Sum" that do not exist in the SISIP world I am still at the ..."Prove to SISIP, you are FUBR, stage", lol, I have to request a much, much, larger envelope from SISIP 1st though because the Revenue Canada stuff alone wont fit... I am still waiting for the war and peace novel from the Dr(s)..saying yep he is still FUBR, lol, and CPP(D) and... lmao

It's coming and fast

Just called SISIP totals will be available next week.

WELL LETS HOPE ALL THAT THEY COME VERY SOON .
I know I can use it right now ..
im about to become grand dad and I would so love to be there for my daughter when the child is born ....
ooot hat would be so wonderful and a big surprise for her ...

I have a funny story!

I think the cheqs will come rather fast as I believe the GOC has been working on our files for weeks. Hear is the reason.

I got a refund cheq the other day from CF Pension administration. It would appear they must have been reviewing my pay guides over the years back to 82 when I joined. This tells me they are doing the SISIP calculations and reviewing the file cause they found an error where they took $9.48 a month from me since 98 until now even in pension deductions as of last month.

I was paying for past service and it was to end in 98 but kept going till I left CF and then it stuck to my pay as a pensioner. There would be no reason they looked into my pay guides unless they were doing some clean up and calculations for SISIP. I have cheq for 750 bucks today. They took 750 in taxs so I got half of it back.

Rags

It is an interesting point that we can lay the money out each year over the term to see if we are better off. With RRSP room if yu did not use it over the years one maybe be able to offset alot of the tax issue. Leaving less to be hit with deemed tax issue over each year.

Yes I agree. Sound advice bigrex. I have a plan through my local bank CFP to put 20%in a high yield GIC for taxes next year. Certified Financial Planners will meet with you free of charge if you are a bank customer and help figure things out.
Cheers
Sapper

SISIP has been told, and it is in the proposal, to withhold 20% of any refund for taxes. That is why everyone should put an additional 10% in a savings account, because when we do our taxes next year, CRA will say that we haven't paid enough up front. So put it in a high interest savings account and let it earn you some money over the next year. If you don't save any of it, you may dearly regret it next spring.

Amount of Withholding Tax

$0 – $5,000 10%

$5,001 – $15,000 20%

$15,001 and above 30%

(The percent withheld is half of the above listed rates if you live in Quebec.)

April 04, 2013 19:54 ET
Statement by Minister MacKay Regarding SISIP Long Term Disability Benefits
OTTAWA, ONTARIO--(Marketwired - April 4, 2013) - The Honourable Peter MacKay, Minister of National Defence, today issued the following statement regarding the Court approval of the settlement reached between the Government of Canada, through the Department of Justice and the Federal Representative, and members of the class action of Dennis Manuge v. Her Majesty The Queen:
"I am extremely pleased that the Federal Court of Canada has approved the settlement that was reached between our government and the members of the class action, to resolve the issues regarding the offset of Pension Act disability benefits from the Service Income Security Insurance Plan (SISIP) Long Term Disability benefits. Acting quickly and fairly to resolve this matter was of the utmost importance."
"Our Government is committed to the on-going care, health, and well-being of Canadian Armed Forces personnel and veterans. The settlement reached is an example of this commitment, as it is in the best interest of the class and of the Canadian public."
"Our government continues to reflect and improve upon its programs dedicated to supporting Canada's ill and injured military personnel and veterans, and to provide the care that our personnel and their families deserve."
Notes to editor / news director: For more information on the SISIP Long Term Disability program, please visit the SISIP web page at: https://www.cfpsa.com/en/AboutUs/SISIPFS/Insurance/Pages/Long-Term-Disability.aspx.
To consult the decision from the Federal Court, please visit the Federal Court website at: http://decisions.fct-cf.gc.ca/en/2013/2013fc341/2013fc34

they have 6 months from today

Paragraph from Court Order decision
[55] I will leave it to counsel to make the required changes to the proposed settlement Order to be submitted to the Court for execution and issuance

So this must be submitted by Counsel first

I am just so happy that Sparrow, one of our intel officers, checked and got this information today! Before any other site! CSAT has the best intel, so veterans if this is your first time reading this, CSAT is your only source of intel, a cooperative of veterans who strive and search out meaningful intel for release to all veterans, I stand proud and salute my fellow CSAT members!

Ex-Para, Even the Navrat has shed tears tonight!