Re: SISIP COLA RETRO (Assorted Topics)

by Guest Tue 17 Feb 2015, 08:00

amended sorry that's what speed reading gets ya lol.

propat

by Guest Tue 17 Feb 2015, 07:59

Just read on LNVBF where a member received there COLA cheque - no details - perhaps more will receive theirs as the Week goes.

With respect to the interest paid on the COLA - this from the COLA court order;

6% 1992 - 1995

5% 1996 - 2008

3% 2009 -" to the date the amount is paid to McInnes Cooper in trust "

by Guest Tue 17 Feb 2015, 07:57

yup I fracked that one up although all the cut off dated seemed to be to the date of the order the interest portion was to the date payed to MC in trust . sorry guys.

thanks bigrex

will amend

propat

by Guest Tue 17 Feb 2015, 07:31

will double check may be off.

propat

by Guest Tue 17 Feb 2015, 06:39

Good job Davey

by Guest Tue 17 Feb 2015, 06:33

is it not the way of it all Rex

by **bigrex** Tue 17 Feb 2015, 01:06

I'm wondering if interest really stopped accumulating in July. If some people don't get their cheques until August, that is 13 months without collecting any interest, which to me, should be unacceptable to the courts. And just my luck, the year that my COLA is owed for, has one of the lowest increases, at less than 1%.

by PipperNavy Mon 16 Feb 2015, 21:24

Recon031 wrote:I'm going to put my " Chart of Possibilities " up for all to see ..... BUT ! it's NOT A GUARENTEE " , your individual circumstances , and there are Many of them , WILL DETERMINE your REFUND !

SOOOOOO.... what I put on here can be played with in every direction .... AGAIN ..... depending on " MANY VARIABLES " , if you get More , Great , if you get Less , then it's because of your " Personal Variables "

From my chart I will give 7 possible Scenario's ............. Good Luck !

1. Jan 2010 - July 2014 = 54 mths. for Cola , Gross : $ 8,100 , Net : $ 6,127.65
2. Jan 2008 - July 2014 = 78 mths. ........... , Gross : $ 11,700 , Net : $ 8,851.05
3. Jan 2006 - July 2014 = 102 mths........... , Gross : $ 15,300 , Net : $ 11,574.45
4. Jan 2004 - July 2014 = 126 mths........... , Gross : $ 18,900 , Net : $ 14,297.85
5. Jan 2002 - July 2014 = 150 mths........... , Gross : $ 22,500 , Net : $ 17,021.25
6. Jan 2000 - July 2014 = 174 mths........... , Gross : $ 26,100 , Net : $ 19,744.65
7. Jan 1998 - July 2014 = 198 mths........... , Gross : $ 29,700 , Net : $ 22,468.05

I made this chart based on 3 individual Cola Returns knowing what their individual calculations were .

Everyone will be different & " NOT Nessarily " what you see above , BECAUSE , we all have Different Benefits & some have Worked ........... so , you too will not match these Number's Dollar for Dollar !

Hope this helps you all out a little ............ This is " JUST A GUIDE " NOT FACTUAL !

.......... FACTUAL ......... ARE the 2 Examples Above ! ........... 3 Posts ago by Myself .

For Country
Retired Army MasterSniper
Dave Fitzpatrick
family of.......7.......get er' done bye's !

Thanks Recon this really Helps .... Smile

by Guest Mon 16 Feb 2015, 20:25

what they are doing is paying you COLA for your deductions ie; CPPD mli pension ect because they didn't before when they should have been .

so if you apply the COLA year for year to get the compounded effect on your deductions .

add the interest

reduce to 74% of that you will have a close estimate of your net vs gross COLA retro witch would be the largest part of it.

cola rates are

1985 --- 2.00%
1986 --- 2.00
1987 --- 2.00
1988 --- 2.00
1989 --- 2.00
1990 --- 2.00
1991 --- 2.00
1992 --- 2.00
1993 --- 2.00
1994 --- 2.00
1995 --- 2.00
1996 --- 2.00
1997 --- 1.50
1998 --- 1.75
1999 --- 0.75
2000 --- 2.00
2001 --- 2.00
2002 --- 1.90
2003 --- 2.00
2004 --- 1.60
2005 --- 2.00
2006 --- 2.00
2007 --- 0.90
2008 --- 2.00
2009 --- 2.00
2010 --- 0.25
2011 --- 2.00
2012 --- 2.00
2013 --- 1.25

interest is

6% from feb 1/ 92 - dec 31/95

5% from jan 1 /96 - dec 31/08

3% from jan 1 /09 - till date payed to MC in trust.

propat

by Guest Mon 16 Feb 2015, 20:19

bigrex according to my SISIP retro calc sheet I was paid COLA for that as I assume all ore at least most were depending on the frack ups lol.

roman if you do your gross vs net calculations on your CPPD amount you will be very very close.

propat

by Recon031 Mon 16 Feb 2015, 20:12

It's not perfect ! ............... it's not possible , there are simply too many Variables ! .............it's simply a starting point for some of us .

by **bigrex** Mon 16 Feb 2015, 20:12

Roaman, Zero sum clients are a little harder to calculate, because were no COLA increases at the time, and it is unclear how the COLA increases were handled when they paid out the retro. I would start by calculating the COLA, based on your 75% mark, and comparing it to the what the COLA would be on the 75% mark minus your CPP(D).

by snrnavcom Mon 16 Feb 2015, 20:11

Recon for Prime Minister.... Cheers

by Recon031 Mon 16 Feb 2015, 19:50

I'm going to put my " Chart of Possibilities " up for all to see ..... BUT ! it's NOT A GUARENTEE " , your individual circumstances , and there are Many of them , WILL DETERMINE your REFUND !

SOOOOOO.... what I put on here can be played with in every direction .... AGAIN ..... depending on " MANY VARIABLES " , if you get More , Great , if you get Less , then it's because of your " Personal Variables "

From my chart I will give 7 possible Scenario's ............. Good Luck !

1. Jan 2010 - July 2014 = 54 mths. for Cola , Gross : $ 8,100 , Net : $ 6,127.65
2. Jan 2008 - July 2014 = 78 mths. ........... , Gross : $ 11,700 , Net : $ 8,851.05
3. Jan 2006 - July 2014 = 102 mths........... , Gross : $ 15,300 , Net : $ 11,574.45
4. Jan 2004 - July 2014 = 126 mths........... , Gross : $ 18,900 , Net : $ 14,297.85
5. Jan 2002 - July 2014 = 150 mths........... , Gross : $ 22,500 , Net : $ 17,021.25
6. Jan 2000 - July 2014 = 174 mths........... , Gross : $ 26,100 , Net : $ 19,744.65
7. Jan 1998 - July 2014 = 198 mths........... , Gross : $ 29,700 , Net : $ 22,468.05

I made this chart based on 3 individual Cola Returns knowing what their individual calculations were .

Everyone will be different & " NOT Nessarily " what you see above , BECAUSE , we all have Different Benefits & some have Worked ........... so , you too will not match these Number's Dollar for Dollar !

Hope this helps you all out a little ............ This is " JUST A GUIDE " NOT FACTUAL !

.......... FACTUAL ......... ARE the 2 Examples Above ! ........... 3 Posts ago by Myself .

For Country
Retired Army MasterSniper
Dave Fitzpatrick
family of.......7.......get er' done bye's !

by Recon031 Mon 16 Feb 2015, 18:45

Hey Nav ,

Not necessarily , it really does matter what benefits you've had & work you may or may not have been paid for & taxed on !

I have truly been sent some emails with documents photo' ed or scanned & created a chart based on those examples

Example below is an actual e-mail , no personal info will be disclosed , so do not ask !

ACTUAL # 1 ...........a 10 yr. Zero Sum on our CLASS ACTION LAWSUIT .....$ 120,000 +
COLA Check received last month ............................................................. : Gross : $ 17,385.00 , Net : $ 15,257

ACTUAL # 2 ...........a 7 1/2 yr. Zero Sum on our CLASS ACTION LAWSUIT ..... $
COLA Check received last month ............................................................. : Gross : $ 11,543 , Net : $ 10,119

These actual's DO NOT mean that everyone will receive the Big Check , BUT , these are ACTUAL AMT's.

CALL THESE BULLSHIT ALL YOU WANT , I HAVE THE PROOF , for my eye's ONLY !

For Country
Retired Army MasterSniper
Dave Fitzpatrick
family of ......7......get er' done bye's !

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