PFL

Yes, it says there's 2 options but I think those 2 options are only for new claims going forward. From what I have read it says if you have already received a lump sum award a calculation will be made to see if you are eligible for a MONTHLY amount. It says nothing about getting a lump sum amount. The best way to go about this is assume there's no lump sum amounts if your under the NVC. If it turns out there is then it's an option for those that want it but at least the disappointment won't be as bad.

Even the government trolls who visit this site can’t explain PFL correctly.

It may very well not be available for the APSC, but it still shows on their fact sheet for the PSC.

PAYMENT AND DELIVERY
Members and Veterans may choose from two different
payment methods:
• A monthly payment for the remainder of their lives
• A lump sum cash out.
If the member or Veteran changes his or her mind in the
future and wishes to stop receiving a monthly payment,
he or she may instead receive the balance of the PSC in
a lump sum payment.

After reading pretty much every article and posting about it and scouring the Vac Website, It still shows that there is 2 lump sum options. The first being the PFL and the second being the PSC.

I've been watching this post for quite some time and I am going to chime in - to maybe try and bring some clarity and alleviate false expectations around big lump sums - as there aren't going to be any big amount as discussed by many on this thread. To bring clarity. The lump sum is applicable to the PFL only; it is not applicable to the APSC. Furthermore, the maximum lump sum under the new PFL that one can draw is the maximum 360,000K (or whatever the indexed amount is on April 1, 2019. Suffice to say that if over the remainder of your life under the PFL monthly payment you get an additional 200K over your lifetime and have already gotten 300K, you will end up receiving more money that someone who simply takes the difference in the lump sum. Two people same age, same DA%age, one decides to take the remaining lump sum to a maximum of 360K will receive less than the individual who chooses to take their PFL (with the claw back calculated over the annuity rate/life expectancy). They are trying to encourage people to take the PFL.

There will be no lump sum for the APSC.

Not the news people were expecting, but this is pretty clear in the legislation. Sorry to burst the lump sum bubbles.

I honestly have no idea what they are thinking, because even if someone received a 100% award om April 1st 2006, and qualified for the absolute maximum possible retroactive PFL, it would still only come to $179400, ($1150 x 156 months). $70000 less than the minimum LSA for a 100% veteran, and that was before they paid the LSA top up. So the only 2 ways a Veteran could get a 'sizable" one time payment, is if they pay out the PFL a veteran would earn over their life, as a lump sum, or they will pay the difference between what they had received, and what is paid out for that level this year. So that 100% Veteran from 2006, would get the difference between the current $360k+, and their previous payments.

Those are the only way that I can see, that the NVC Veterans aren't going to get completely screwed by the PFL calculations.

bigrex wrote:What pisses me off the most, is that they blatantly lied about not having to pay back the lump sum awards. We may not have to send them a cheque for that money, but we are having to pay it back, over our lifetime, by reducing the future monthly payments.

Totally agree Bigrex, another challenge for us when the letter comes out to see what they decided to do with us.
1.  Totally honour their promises to Veterans.
2.  Keep up the confusing shell game of new phoney benefit renaming.
3.   Ask us to turn around and pull our pants down to our ankles.
4.   Uncle Walt will give reach around to Veterans if #3 is the course of action but only if you request it with the correct password. “I surrender”
5.  None of the above.

https://www.ctvnews.ca/mobile/politics/liberals-pension-plan-for-disabled-veterans-won-t-take-effect-until-2019-1.3729370

Can we hold them to this from above link?

“Officials said the more than 61,000 veterans who have already received a lump-sum award will be assessed to determine how much they would have received per month. They will also be eligible for the new benefit, which officials said will be retroactive and could result in substantial one-time payments.
The government will also lump together six different benefits for veterans who can't find work or whose post-military careers pay less than when they were serving in uniform.
Yet it wasn't immediately clear who will be eligible for different elements of the new pension plan, or even which of the income-replacement programs will remain in existence after they are merged.
O'Regan guaranteed no disabled veteran will end up with less money, and the department plans to launch an advertising campaign to educate former service members about the plan.
"All of those covered under the (existing) New Veterans Charter will be automatically assessed against the new pension-for-life program," O'Regan said.”
"And no individual will be subject to a net-decrease in overall benefit."

Ps: and further more.  
We must promote the answer to the Veterans blight.

We should be advocating radical changes in the way Veterans are treated , including a realignment of services to controlled by an elected board of Veterans.  That is run by a non-profit corporation rather than a government agency.

Steelgunner

What pisses me off the most, is that they blatantly lied about not having to pay back the lump sum awards. We may not have to send them a cheque for that money, but we are having to pay it back, over our lifetime, by reducing the future monthly payments.

I think it’s really  funny how VAC is treating  us, first off they created this mess with going from PA to NVC and now to PFL.  They want to save money and reduce payments, basically ripping off the future Veterans.  

VAC has calculated what they owe the NVC Vets, they now realize how much they have to pay us off to get to the new PFL scam program.  They are basically try to spin the payout, trying very hard to spin it in away that they can rip off the NVC VETS.  Very sad situation that we are in and we have to keep them inline and show to the public what the VAC spin doctors are creating. Rename programs, smoke and mirrors, shell game, etc.

VAC is not fooling any Veterans, in this day and age of instant information it might have work before for you VAC. But not any more.  Treat us fair, with respect, and fix the backlog/wait times.

Get the letters out on PFL.

Tango-33 wrote:Can you talk me out of this conclusion I keep coming to, if the monthly payment would be 785 for the 600 months (total value of 471,000 - pre discounted,) then wouldn't the lump sum option be 360k? Ie cash out monthly payments to a maximum of the current disability maximum language?

this is exactly what been bothering me too. and I have no answer. we all might be very disappointed when the letters come out.

Believe me, I hope that we will be able to take a second lump sum, because I would rather get an extra $40000+, than a PFL pension, that is reduced to a measly $100-130/month, for the next 30 years. After COLA is added, I'd be lucky if it hits the $200 dollar mark, by the time I hit 80 years old.

Can you talk me out of this conclusion I keep coming to, if the monthly payment would be 785 for the 600 months (total value of 471,000 - pre discounted,) then wouldn't the lump sum option be 360k? Ie cash out monthly payments to a maximum of the current disability maximum language?

The APSC will be at the same level as your current CIA, so grade 3, except it's reduced, to offset the fact that it's going to be tax free.

Thanks! Any thoughts on "additional pain and suffering"?

Retroactive PFL
$1150 x 36 months = $41400
$862 (75%) x 72 months = $62100
$172 (15%) x 25 months = $4312

total  = 107812.5
 
Total LSA 327264 - 107812 = 219451

219451 / 600 months (age 84) = $365 as a monthly deduction, leaving a 100% PFL of roughly $785/ mo. These numbers are rough estimates, and could vary dependant on the expected lifespan they finally use.

There seems to be a lot of calculating ninja's here, maybe you could help out a ex tank driver with brain injury lol, for the purpose of these scenerios, lets assume the cap of the new benefits is 360k (Each? I don't know and VAC wont answer questions)

Claim 1; Injury Nov 2 2007,                  Claimed March 2008; 15%
Claim 2; All originates from 2007 injury, Claimed April 2010;   60%
Claim 3,                                               Claimed April 2016;   25%
                                                                              Total;   100% / $327,264.37

Points to consider, in April 2019 I will be 33 but closer to 34 (July), and I also receive the grade 3 CIA.

Question:                                            Pain and suffering entitlement;
                                                                             Monthly; ?
                                                                         Lump Sum; ?

                                                           Additional Pain and Suffering;
                                                                              Monthly; ?
                                                                          Lump Sum: ?

Thanks!