SISIP COLA RETRO (Assorted Topics)
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Teentitan
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turbo
PipperNavy
armybulldog
ceedee
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hello39s
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Sapper Zodiak
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peep
1993firebird
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rucksack031
22 posters
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Re: SISIP COLA RETRO (Assorted Topics)
No letter nada.
peep- CSAT Member
- Number of posts : 843
Location : International Space Station (celibacy section)
Registration date : 2012-09-13
Re: SISIP COLA RETRO (Assorted Topics)
Sorry to here that peep but you must receive a letter of explanation if you do not receive any COLA.
1993firebird- CSAT Member
- Number of posts : 1594
Location : Ontario
Registration date : 2013-01-10
Re: SISIP COLA RETRO (Assorted Topics)
Zippo, zilch, nothing - Nil
peep- CSAT Member
- Number of posts : 843
Location : International Space Station (celibacy section)
Registration date : 2012-09-13
Re: SISIP COLA RETRO (Assorted Topics)
My guess an the way in which I understand it - or read it is that if you had an administrative correction from your first retro an that correction was not implemented in your first retro , they will deduct that correction amount from your now Cola.
What they won't do is go beyond the 0 dollar amount - in other words they will not come after you for any negative amounts below that correction amount - so if your negative $600.00 - your Cola will be 0 dollars.
This may be the reason behind seeing two members with almost Identical numbers , and one member receiving $100.00 Cola an the other receiving $10.000.
What they won't do is go beyond the 0 dollar amount - in other words they will not come after you for any negative amounts below that correction amount - so if your negative $600.00 - your Cola will be 0 dollars.
This may be the reason behind seeing two members with almost Identical numbers , and one member receiving $100.00 Cola an the other receiving $10.000.
Guest- Guest
Re: SISIP COLA RETRO (Assorted Topics)
Trooper, what does that mean? Duh, I don't understand.
If it means a member in debt to SISIP from the past, I owed Zero.
If it means a member in debt to SISIP from the past, I owed Zero.
Guest- Guest
Re: SISIP COLA RETRO (Assorted Topics)
If you take a look at para (10) of the Cola court order it states that " If a class member had a pension act offset cancelled by the first May 01 2012 order and the debt cancellation was not factored into the calculation from the members first refund , the principal refund amount shall be reduced by the pension act debt cancelled.
If the administrative is " NEGATIVE " it can be used to reduce the Cola refund otherwise payable , but in no event shall the member be left owing arising from the administration correction "
Also if you look at para (24) of the Cola order it states that Deloitte will review, monitor and report quarterly on the process and compliance of the order.
So this may answer some questions asked about the Cola for those who did not fair well.
If the administrative is " NEGATIVE " it can be used to reduce the Cola refund otherwise payable , but in no event shall the member be left owing arising from the administration correction "
Also if you look at para (24) of the Cola order it states that Deloitte will review, monitor and report quarterly on the process and compliance of the order.
So this may answer some questions asked about the Cola for those who did not fair well.
Guest- Guest
Re: SISIP COLA RETRO (Assorted Topics)
My retro was around $53,000 , for a total of two years , that is with the interest and anything else. I think my clawback amount was around $47,000. My COLA was $270 before deductions.
1993firebird- CSAT Member
- Number of posts : 1594
Location : Ontario
Registration date : 2013-01-10
Re: SISIP COLA RETRO (Assorted Topics)
It doesn't freckin make sense.......... I still don['t' understand it. I got a pile of fracking money from the cola and I'm afraid to do anything with it because I'm afraid they made a mistake! For the life of me, I can't figure out how they came up with 40% of my original settlement for COLA
Guest- Guest
Re: SISIP COLA RETRO (Assorted Topics)
I finally got mine yesterday as well .. good luck to the rest still waiting
PipperNavy- CSAT Member
- Number of posts : 89
Location : Sooke
Registration date : 2012-10-13
Re: SISIP COLA RETRO (Assorted Topics)
Thanks Rifleman and RobbieRoyal , something is better than nothing. Now I am waiting for my LTD appeal decision with SISIP and my application for PIA decision with VAC.
1993firebird- CSAT Member
- Number of posts : 1594
Location : Ontario
Registration date : 2013-01-10
Re: SISIP COLA RETRO (Assorted Topics)
I don't know what the outcome was for you firebird but I am happy that this portion has come to a end for you congrats
Rifleman- CSAT Member
- Number of posts : 659
Location : facebook
Registration date : 2013-05-15
Re: SISIP COLA RETRO (Assorted Topics)
I got my COLA today.
1993firebird- CSAT Member
- Number of posts : 1594
Location : Ontario
Registration date : 2013-01-10
Re: SISIP COLA RETRO (Assorted Topics)
No COLA or letter , anyone out there get COLA yet this month?
1993firebird- CSAT Member
- Number of posts : 1594
Location : Ontario
Registration date : 2013-01-10
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