Will SISIP follow VAC's 15% increase to the ELB?

In October.

Does anyone know when you call Sisip ltd if they will match this increase? Before i call i was hoping some else has made this call.

My bet is they will give 15% Earnings capacity Loss Benefit (ELB) to "top up" (another word for clawback) SISIP LTD, like they did last year for Res F vets.

They didn't do that for me yet

Here's something that I will provide that may shed some light on the answer, it is what has previously transpired when changes were made to the ELB which ultimately led to SISIP following suit.

Enhancements to the CF LTD

In line with the New Veterans Charter enhancements announced on 6 October, 2011, Veterans Affairs Canada (VAC) implemented enhancements to its Earnings Loss Benefit (ELB) program for disabled Veterans.  Subsequently, the Government of Canada (GoC) recognized that some SISIP LTD clients who left the Canadian Forces when military salaries were much lower than they are today would end up receiving less income support than their peers under the enhanced VAC administered ELB.  As such, the Minister of National Defence announced on April 10, 2012 the investment of nearly $113M in FY11/12 to increase the minimum income support for current in-claim SISIP LTD clients.

Since the VAC ELB and CF LTD are intended to mirror each other, this announcement addressed the need to align these two income support programs to ensure that all clients would receive the same benefits under their respective programs.

The enhancements to the CF LTD program allow for an increase to the minimum gross monthly benefit, raising the minimum benefit calculation to 75% of the basic salary rate of a Corporal, which is currently $4,554/month. Previously, the minimum benefit calculation was based on the salary rate of a senior private. In addition, the minimum benefit for the Primary Reserve Force members on short-term class of service who are medically released, or who take a voluntary release but qualify as being totally disabled has increased to 75% of the deemed salary of $2700/month from the previously used $2000/month rate.

The enhanced CF LTD program translates into a minimum pre-tax income of $40,000 a year. Although taxable, during the first year that a CF member becomes a claimant, all the CF LTD premiums paid during a member’s military career can be deducted for tax purposes. Changes to the CF LTD program will not impact the premiums paid by insured CF members.

Under the enhancements to the CF LTD income replacement benefits, up to 2000 beneficiaries will receive compensation retroactive to 3 October 2011.

http://www.forces.gc.ca/en/news/article.page?doc=enhancements-to-the-canadian-forces-long-term-disability-income-replacement-benefits/hgq87xuz

As you can see the timeline for SISIP to follow suit is a little over 6 Months. 6 October, 2011 (implementation) Veterans Affairs Canada and April 10, 2012 for SISIP.

Also an interesting point to look at is the fact that they state that VAC ELB and CF LTD are intended to (mirror) each other, this announcement addressed the need to align these two income support programs to ensure that all clients would receive the same benefits under their respective programs.

Another point of interest concerns the set minimum: The enhancements to the CF LTD program allow for an increase to the minimum gross monthly benefit, raising the minimum benefit calculation to 75% of the basic salary rate of a Corporal, which is currently $4,554/month. Previously, the minimum benefit calculation was based on the salary rate of a senior private.

So now VAC has reversed  the basic salary rate of a Corporal, back to a senior private and added the 15% increase.

Hopefully this post will better explain what will probably happen with SISIP, concerning the 15% increase.

Also gives you a better Idea of what they mean by the minimum set rate and how some Veterans will only see 5% or less of the 15% increase.