SUPPLEMENTARY RETIREMENT BENEFIT - LUMP SUM - 1 APRIL 2019

It's basically 2% of all the ELB you would have received, if there were no deductions. So if someone received ELB for exactly one year, and they said that their 90% ELB total was $5000/mo, then they would get 2% of $60000.

First I heard of this and I’m confused I will have to dig into this

Good day all;

Things start to roll with the PFL and one of the element is the SRB that we have accumulated up to 1 april 2019;

Extract from the Gazette.  Also in the act Under provisional measure it is stated.

ANYONE EAR ANYTHING ABOUT THIS ?

]Veterans, survivors and orphans who are receiving ELB, RISB, and/or the CIAS on March 31, 2019, will have these amounts protected and indexed annually, until equal to or less than the IRB amount payable. Those entitled to continued ELB on March 31, 2019, will receive a lump sum payment equal to the SRB amount they will be entitled to on that date. Those who had been entitled to receive continued ELB but were no longer entitled to that benefit and had not received the SRB to which they are entitled will also receive a lump sum payment[

Cosmo