Re: PFL

by Guest Mon 26 Nov 2018, 22:03

Teager wrote:Yes.

so if a vet is currently on ELB this 1% thing has no bearing on them, it only applies to vets who are considered DEC

by **bigrex** Mon 26 Nov 2018, 21:48

yes, the IRB is what they are calling the new ELB. Even though they technically could have made all the changes, without changing the name, and adding to all the confusion. But I guess then it would be more obvious that they are eliminating a completely separate benefit, the SRB, which was supposed to compensate for not being able to contribute to a pension plan, including the CPP, while on EELB.

by Teager Mon 26 Nov 2018, 21:14

by Guest Mon 26 Nov 2018, 20:12

Teager wrote:Artie from what I read if you are DEC and have under 20 years you can get the 1% increase even if getting the CIAS.

is not the IRB the new name for ELB after apr 1?

by Teager Mon 26 Nov 2018, 19:34

Artie from what I read if you are DEC and have under 20 years you can get the 1% increase even if getting the CIAS.

by Guest Mon 26 Nov 2018, 17:55

SIGS PIGS wrote: good afternoon everyone,

I have had eyes on this for 2 weeks, here is what I have seen,

1. Pain and Suffering Compensation (PSC)—non-taxable
This compensation recognizes pain and suffering
experienced by a member or Veteran that has been
caused by a disability resulting from a service-related
injury and/or illness. It replaces the lump sum Disability
Award announced in 2006. [b]It delivers a maximum of
$1,150 per month for the life of the serving member or
Veteran, or it can be provided in a lump sum payment. The
highest possible lump sum payment of the PSC would be
the same as the maximum Disability Award payment on
the day before coming into force.
The amount of compensation is directly tied to the extent
of disability resulting from injury and/or illness (see
Disability Assessment factsheet) experienced by the
serving member or Veteran. Not everyone will receive the
maximum award. This benefit is not intended to replace
lost earnings therefore it is not taxable.
2. Additional Pain and Suffering Compensation
(APSC)—non-taxable
This benefit provides additional recognition to Veterans
who are experiencing barriers to re-establishment in post service
life due to a severe and permanent impairment.
Depending on the extent of the Veteran’s impairment
resulting from his or her service-related disability, the
monthly payment would be $500, $1,000 or $1,500. This
benefit is not intended to replace lost earnings therefore
it is not taxable.
Payment Calculations
If a Veteran is assessed as being Grade 1, their benefit
amount will be $1,500 per month. If Grade 2, their benefit
will be $1,000 per month. If Grade 3 their benefit will be
$500 per month. These levels of payment are determined
by the extent of the Veteran’s impairment and barriers to
re-establishment.
3. Income Replacement Benefit (IRB)—taxable
The monthly benefit is designed to provide income
support to Veterans who are experiencing barriers to reestablishment
due to a health problem resulting primarily
from service. The benefit is available to Veterans,
survivors, for life, and orphans, should they need it.
For Veterans who have not yet served a full career in the
military, the IRB will be increased by 1% every year until
the Veteran reaches what would have been 20 years of
service or age 60.
Veterans who wish to join the workforce may also earn
up to $20,000 from employment before any reduction
will be made to their IRB payment. Employment income
in excess of $20,000 will be fully offset dollar for dollar
from the IRB amount.
The IRB combines four pre-existing benefits into one,
simpler benefit. These are: Earnings Loss Benefit
Extended Earnings Loss Benefit, Supplementary

these statements are directly from VAC

Cheers,

SIGS PIGS

I ve read all that too and it seems straight forward until they start talking about IRB which is replacing ELB. This 1% stuff, does this only apply to vets who end up on ELB after apr 1? What about vets currently on ELB who had 1-10 years left to serve before they hit 20. ?

by propat Mon 26 Nov 2018, 17:40

ya boys my take from everything I have seen . no buyout for NVC vets . that's it that's all . the max award will still be the max award . new guys will get an option of a crappy monthly pension witch just about everyone should refuse .some NVC guys will get a partial monthly pension for lack of opportunity to get this new monthly pension but no new buyout as the max award is still the max award .

comparisons of the three benefits in the rough is quite easy . most of the benefits are the exact same or roughly the same for the NVC and PA vets ya know ELB ,CIA,CIAS ect except for the pain and suffering benefit witch for a vet with a spouse and two kids is over $4000.00 for a PA vet and a buyout equivalent to over $1100.00 a month . the PFL vet will actually have the option to take a monthly pension of over $1100.00 a month so no real benefit change there but will lose the CIAS witch strangely enough is worth over $1100.00.

compared to the PA vet the NVC vets benefits are down over $2900.00 a month the PFL vets benefits will be down over $4000.00 a month .

what a crock of crap.

propat

by SIGS PIGS Mon 26 Nov 2018, 17:35

Steel Gunner,

I have heard so much from VAC i am pretty sure half of them really dont know whats going on and instead of saying I am not sure they give you an answer and they are all different so really who knows what the right answer is. i guess we will all find out soon enough.

SIGS PIGS

by Guest Mon 26 Nov 2018, 16:33

SIGS PIGS wrote:Steelgunner
I understand what it saying and I agree, I am just commenting on the PFl vs lump sum. Stating that I believe there is stil! An option for some vets.

I had an VAC employee tell me on the phone that Vets that have received the lump sum are only going to get a monthly pension. The NPL Vets after 2019 April are the ones that get the option.

I have seen others in this thread take this line of thought as well. The biggest thing we can take away from this thread and the NPL is confusion.

Time will tell what happens, we have to weather the storm and sit tight. I am sure I am not the only one that is confused, if I have added to the confusion I apologize.

by Guest Mon 26 Nov 2018, 16:32

SIGS PIGS wrote:I have come to the realization that not everybody s going to be happy no matter how you slice it which is to bad.

SIGS PIGS

Very true

by SIGS PIGS Mon 26 Nov 2018, 16:22

I have come to the realization that not everybody s going to be happy no matter how you slice it which is to bad.

SIGS PIGS

by SIGS PIGS Mon 26 Nov 2018, 16:17

Steelgunner
I understand what it saying and I agree, I am just commenting on the PFl vs lump sum. Stating that I believe there is stil! An option for some vets.

by Guest Mon 26 Nov 2018, 16:05

I can tell you where VAC and the MVA is wrong.

Not posting up and comparing on 3 different tier system.

Compare a PA Vet, NVC Vet, and the New Pension for Life Vet

Get me three Vets at 100% and same grade levels. Let’s compare the three different systems then we will see the truth. I have sent emails to VAC and the MVA to fall on deaf ears.

Sorry but your not fooling me.

Where your going wrong Sigs is your trusting VAC.

Also if by some miracle the NVC vets get extra money thru the NPL does that mean everyone or just a certain amount of vets at a certain percentage. Then to me that’s not fair as well. With the 3 tier system we are not treating current vets and future veterans fairly.

Why should I be treated differently in the same conflict/war in Afghanistan and be paid differently then another Vet? Because it is actually happening, same injury but a member injured in Afghanistan pre 2005-06 is paid differently then post 2005-06 Vet. Commmon sense tells me something is wrong with this picture.

by SIGS PIGS Mon 26 Nov 2018, 15:46

It States right in this document that we will have the option once again to take the Lump Sum or monthly payment,

If for some reason I am reading this wrong please explain to me where I am going wrong,

thanks,

SIGS PIGS

by SIGS PIGS Mon 26 Nov 2018, 15:41

good afternoon everyone,

I have had eyes on this for 2 weeks, here is what I have seen,

1. Pain and Suffering Compensation (PSC)—non-taxable
This compensation recognizes pain and suffering
experienced by a member or Veteran that has been
caused by a disability resulting from a service-related
injury and/or illness. It replaces the lump sum Disability
Award announced in 2006. [b]It delivers a maximum of
$1,150 per month for the life of the serving member or
Veteran, or it can be provided in a lump sum payment. The
highest possible lump sum payment of the PSC would be
the same as the maximum Disability Award payment on
the day before coming into force.
The amount of compensation is directly tied to the extent
of disability resulting from injury and/or illness (see
Disability Assessment factsheet) experienced by the
serving member or Veteran. Not everyone will receive the
maximum award. This benefit is not intended to replace
lost earnings therefore it is not taxable.
2. Additional Pain and Suffering Compensation
(APSC)—non-taxable
This benefit provides additional recognition to Veterans
who are experiencing barriers to re-establishment in post service
life due to a severe and permanent impairment.
Depending on the extent of the Veteran’s impairment
resulting from his or her service-related disability, the
monthly payment would be $500, $1,000 or $1,500. This
benefit is not intended to replace lost earnings therefore
it is not taxable.
Payment Calculations
If a Veteran is assessed as being Grade 1, their benefit
amount will be $1,500 per month. If Grade 2, their benefit
will be $1,000 per month. If Grade 3 their benefit will be
$500 per month. These levels of payment are determined
by the extent of the Veteran’s impairment and barriers to
re-establishment.
3. Income Replacement Benefit (IRB)—taxable
The monthly benefit is designed to provide income
support to Veterans who are experiencing barriers to reestablishment
due to a health problem resulting primarily
from service. The benefit is available to Veterans,
survivors, for life, and orphans, should they need it.
For Veterans who have not yet served a full career in the
military, the IRB will be increased by 1% every year until
the Veteran reaches what would have been 20 years of
service or age 60.
Veterans who wish to join the workforce may also earn
up to $20,000 from employment before any reduction
will be made to their IRB payment. Employment income
in excess of $20,000 will be fully offset dollar for dollar
from the IRB amount.
The IRB combines four pre-existing benefits into one,
simpler benefit. These are: Earnings Loss Benefit
Extended Earnings Loss Benefit, Supplementary

these statements are directly from VAC

Cheers,

SIGS PIGS

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