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PFL “The dust is settling”

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Post by bigrex on Wed 03 Apr 2019, 17:11

see, this could have been part of the political calculations, leading up to the elections, that I was talking about a few weeks back. The Liberals may turn around and say that this was an oversight, and promise that if they get re-elected, that they will remove the CIAS portion of the IRB, from the post 65 calculations. That, along with reestablish the CIAS,  increase the PFL, or add dependant amounts to the PFL, could all be campaign promises, from any of the parties, because the PFL is starting at a pretty low point, and can only get better, with tweaks.
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Post by propat on Wed 03 Apr 2019, 17:23

buds no need for a promise of removing the CIAS from the post 65 calcs . im not entirely convinced they are actually but if they are and don't remove them they will be made to .

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Post by bigrex on Wed 03 Apr 2019, 19:00

Propat. the regulations I posted spelled it out pretty clearly IMO. ELB + CIAS = Protected IRB. Then at 65, if 70% of IRB is less than 70% of Protected IRB, then the 70% of protected IRB amount, will be used to calculate how much money we get at age 65.
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Post by Guest on Wed 03 Apr 2019, 19:05

I like the way you think. Now since you mention it may be the NDP or the Conservative will bring it on. I personally have no doubt, that no matter what, the Liberals will get reelected. Sad

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Post by propat on Wed 03 Apr 2019, 19:17

yup I get that but at 65 70% of my IRB should be a much much higher than my protected IRB so I cant see it applying at all .

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Post by bigrex on Wed 03 Apr 2019, 22:00

Not sure how that is Propat. It's 70% of the 90% amount, compared to 70% of the 90% amount and the CIAS combined.

$5000 - 30% = $3500

$5000 + 1100 - 30% = $4270.
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Post by By the Bay on Wed 03 Apr 2019, 22:19

Sorry I didn't post this early...My day has been really hectic!

I called VAC this morning, the staffer assured me that on her computer the CIAS amount under IRB heading is protected and that the amount will remain protected for life of the veteran or until a veteran's DEC changes.

After age 65, the CIAS amount will not be included in the IRB deduction amount and the CIAS is only listed under IRB because it is a taxable benefit. She mentioned that even though the CIAS not listed on MY VAC Account, it shows the CIAS on a separate line under the IRB amount on her monitor.

I don't know if this staffer was guessing about the CIAS being classified as a separate benefit when we hit age 65 but I just wanted to pass this along to you all.

Cheers,
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Post by propat on Wed 03 Apr 2019, 23:04

see that's just the thing bigrex they are combining two protected amount's and calling them one in that case you are very correct. thing is they are separate . all the legislation so far has jived with what sailor posted from the OVO . now this comes out as a curve ball that makes no cense . yes if you combine both protected amounts as they have in the transitional provisions I get that but they are separate . ELB is protected and CIA is protected at least till the point in time where if that 1% thing would give you a higher paid benefit than the IRB protected amount ( CIA ) then they will pay you the higher .

I don't know whats going on when they do these transition provisions but the last time we had a big change they were written just as poorly at times seeming to say the opposite of the rest of the legislation .

but my original point remains im unconvinced that they will be reducing it and if they are or are planning on it I don't believe they will be doing it for long .

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Post by Guest on Fri 12 Apr 2019, 08:11

Would have been nice if they would have kept they're word and gave us the option of a lumpsum on the pain and suffering.

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Post by pinger on Fri 12 Apr 2019, 18:50

Good post BTB.
Because you never can tell.
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Post by MikeCeeGB on Sat 13 Apr 2019, 18:26

My CM informed me yesterday that although the CIAS is included in the IRB amount on your statements, it is, along with your CIA, a protected amount.
For what it’s worth she has been spot on for the two years I have worked with her.

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Post by doomed78 on Sat 04 May 2019, 11:13

I read on another forum that VAC may be changng their minds about giving Lump Sum payments to those that receive small monthly pension amounts. Anyone hear anything about this?

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Post by bigrex on Sat 04 May 2019, 16:20

I haven't heard that before, but it would not shock me to have something like that come as a campaign promise. What forum did you read it on, or do you have a link, so we can read it ourselves?
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Post by johnny211 on Sat 04 May 2019, 18:33

Bigrex - just let me say before this ?, I’m not planning on going anywhere..lol. What does A Vet,s spouse get after a Vet is gone, under the PFL? I’m thinking nothing. If so it would be nice to see this changed.
And if one had the old DP, pre 2006, what part of that does a spouse get?
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Post by bigrex on Sat 04 May 2019, 20:30

Ok, good to know that you are planning on sticking around, but it's always wise to plan for the future.

PFL- the surviving spouse, is given the balance owing of the lump sum. If the Veteran took the lump sum, there are no finacial supports for the spouse, unless the Veteran was getting IRB. Then I believe the spouse continues to get the IRB amount for 2 years, or 2 years worth is paid as a lump sum.

Under the Pension Act, a PA pension of 1-46% is paid at 50% of whatever the Veteran was paid. if the Veteran gets a PA pension of 47% or above, the spouse gets a 75% pension.
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