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CIA SUPPLEMENT VS. 1% ANNUAL INCREASE FOR THOSE DEC EFFECTIVE APRIL 1, 2019

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Re: CIA SUPPLEMENT VS. 1% ANNUAL INCREASE FOR THOSE DEC EFFECTIVE APRIL 1, 2019

Post by Teager on Mon 21 May 2018, 09:55

Bigrex I believe ELB will still be indexed from what I have read. I know there's a rough draft of the legistlation out already that is being reviewed by the senators.

Sailor63 unfortunately this benefit still creates another class of veterans that will get more and those 2019 and beyond will get less. Those that have DEC supplement now are protected and will still be able to receive the 1% increase from my understanding. Those after 2019 only receive the 1%.

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Re: CIA SUPPLEMENT VS. 1% ANNUAL INCREASE FOR THOSE DEC EFFECTIVE APRIL 1, 2019

Post by bigrex on Mon 21 May 2018, 08:02

I have to disagree. They have already made it so that those who are released earlier in their career already get double or triple the amount of those severely injured later in their career, without the 1% increase to the ELB. We have to wait for the legislation, but as it was written so far, I'm worried that they will use the 1% increases as justification to remove the requirement to apply the annual COLA increase to the ELB.
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CIA SUPPLEMENT VS. 1% ANNUAL INCREASE FOR THOSE DEC EFFECTIVE APRIL 1, 2019

Post by Sailor63 on Mon 21 May 2018, 00:37

As I have been trying to wrap my head around all of the changes under PFL, I was mulling how the 1% would equate to the supplement, if ever it did. In doing some calculations, I understand now what they've done. The 1%, calculated and compounding over a maximum 20 year period, would give a soldier / veteran, making 48,000 (the minimum ELB Payable), an extra 10,500 per year over a 20 year period; it reduces for each year less than 20. This is nearly equitable to the Supplement...if the soldier gets injured early on in his or her career. The less time you have left in your career, the less of a "career impact allowance" you will receive; this was the original intent of the benefit. While I do not agree with the 20 year limit (should be 25), this means that the younger veterans, who haven't had a chance to progress in his or her career, as opposed to someone who has had this ability, gets the greater benefit. It is a good thing the younger veterans impeded for life, are not severely impacted in a negative way when these changes take effect. There is not a one-sized solution fits all here...but I am grateful the younger DEC Clients are not as severely impacted.

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Re: CIA SUPPLEMENT VS. 1% ANNUAL INCREASE FOR THOSE DEC EFFECTIVE APRIL 1, 2019

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