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Post by Armygunner on Mon 17 Sep 2018, 13:47

I removed the PFL spreadsheet as it's speculation only and I don't want to cause controversy.


Last edited by Armygunner on Tue 18 Sep 2018, 11:42; edited 1 time in total

Armygunner
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Post by SIGS PIGS on Mon 17 Sep 2018, 20:56

armygunner,

I must be stupid, I tried to figure this out a few times with no success,


could you have a quick look at my situation and give me a rough estimate

2010 10% $27,607.97
2012 35% $102,657.95
2012 10% $29,330.84
2013 15% $44,788.20
2013 10% $29,858.80
2013 10% $29,858.79
2013 5% 14,929.40
2015 5% 15334.91
2017 lump sum 41847.09
Total Lump Sums $336,213.95

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Post by SIGS PIGS on Mon 17 Sep 2018, 20:58

armygunner,

I must be stupid, I tried to figure this out a few times with no success,


could you have a quick look at my situation and give me a rough estimate

2010 10% $27,607.97
2012 35% $102,657.95
2012 10% $29,330.84
2013 15% $44,788.20
2013 10% $29,858.80
2013 10% $29,858.79
2013 5% 14,929.40
2015 5% 15334.91
2017 lump sum 41847.09
Total Lump Sums $336,213.95


i am male and age 56

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Post by Armygunner on Mon 17 Sep 2018, 22:16

I based all your payouts 1 Jan of that year. Monthly about $436 give or take and Lump-sum buyout 146K give or take.

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Post by AirLog on Mon 17 Sep 2018, 23:01

Hi Armygunner,

I always found this calculation a little bit odd. Here is my situation: in 2016 I was award 109% for $360,000. In 2019 I will be 60 yrs old (male). My calculations indicate a zero sum. That is no additional pension. However, when I use your calculator or mimic the example from the VAC site (Dwayne), I will receive a pension. Can you try my figures and see what you end up with?

AIrLog

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Post by Armygunner on Mon 17 Sep 2018, 23:14

AirLog wrote:Hi Armygunner,

I always found this calculation a little bit odd. Here is my situation: in 2016 I was award 109% for $360,000. In 2019 I will be 60 yrs old (male). My calculations indicate a zero sum. That is no additional pension. However, when I use your calculator or mimic the example from the VAC site (Dwayne), I will receive a pension. Can you try my figures and see what you end up with?

AIrLog

Monthly $56 give or take, lumpsum 16K give or take.

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Post by bigrex on Tue 18 Sep 2018, 07:28

Army gunner, I believe your calculations are mistaken. I do not think there is an additional lump sum for those who have received LSA in the past. it's going to be an either or for future veterans. Take a LSA, in it's current form, or a PFL pension. Not both.

for those who previously received a LSA, they are going to calculate how much PFL pension you would have received, deduct that amount from what you actually received in the form of lump sums, to come up with a balance owing back to the government. Then they divide that amount, over your expected lifetime, and deduct it from the new pension. So having been paid roughly $80000 overall, and they calculate my retro PFL is around $20000, that means that I will need to pay back that additional $60000 over the next 37 years, at a rate of $135/mo. So my 25% PFL of $285/mo, will be reduced to $152 (plus COLA).
bigrex
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Post by Armygunner on Tue 18 Sep 2018, 09:47

BigRex,

You will be given the choice, either a monthly LS buyout or take your PFL amount per month. I took the spreadsheet from another Forum talking about the PFL.

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Post by SIGS PIGS on Tue 18 Sep 2018, 10:00

Good morning Big Rex,

so for my situation are the numbers that ArmyGunner came up with close to the calculation,

thanks,

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Post by Rustytheviking on Tue 18 Sep 2018, 11:25

Can someone help me with my maths. Iím terrible at it. I might as well learn Greek and Russian back to back.

2010 10% 27k
2010 50% 136k
2012 5% 14k
2012 5% 14k
Lsa 2017 30,262.00
And Iím a 36 year old male.
Thanks

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Post by bigrex on Tue 18 Sep 2018, 13:03

The problem is, the PFL retro will be calculated by months (and partial months). So without knowing the exact dates that past DA were approved, any numbers I use would just be a wild guess. But I will tell you that the younger you are, the better off you will be, because the longer they have to collect that money from you.
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Post by bigrex on Tue 18 Sep 2018, 13:08

Army gunner, could you send me a link to this other forum, so I can see what evidence they are using?
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Post by Rustytheviking on Tue 18 Sep 2018, 13:30

Okay. Sounds goodish. I plan on taking the lump sum and investing it, as thatíll probably benefit me better later in life

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Post by Armygunner on Tue 18 Sep 2018, 15:08

bigrex wrote:Army gunner, could you send me a link to this other forum, so I can see what evidence they are using?

Top post page 10 and if you read further down you can see the response VAC gave a poster about taking the LS instead of the Monthly amount. I take this with a grain of salt until VAc gives us comfirmation

Army forums

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Post by bigrex on Tue 18 Sep 2018, 17:22

Ok that is a little confusing. because if someone got a 100% DA of $250000 in 2006, when they were 25, plus the top up of say $40000. their retro PFL would be $179000. That would leave a balance of $111000, deducted over 552 months, to his 84th birthday. It would reduce his PFL by $201/mo, leaving a monthly $950 PFL pension. If that amount is available to pay out in a single payment, that would be almost $524000 + plus the original $290000 that he received.

But a veteran injured next year at 100% would be given the option of taking the lump sum of $360000+, or the $1150/mo. So Unless they change it so that they will be able to either take the monthly amount (max $1150), or the equivalent payment of the expected life long pension, paid all at once. I have a hard time blieving that they are willing to give Veterans that much money, as a lump sum.
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