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5% interest calculation on retro.?

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Post by Guest Fri 26 Apr 2013, 10:20

Didn't mean anything by it ducked, just preying one day we will find ourselves healthy again. Maybe I was just looking to talk to somebody last night, I was depressed and lonely.

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Post by Guest Fri 26 Apr 2013, 07:21

Ex-Para- Of course we are ill- That's why we are part of this class! Some more ill than others .To suggest we are "all very sick individuals" serves no other purpose other than to remind us. Thanks
Retracted-Thanks Para for explaining Smile


Last edited by ducked on Sat 27 Apr 2013, 08:54; edited 1 time in total

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Post by Guest Thu 25 Apr 2013, 23:15

So sad, brothers and sisters. After a few drinks and reading past posts, I have come to realize we are all very sick individuals. I prey for all of us every night and day. Godspeed

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Post by DeeCee Thu 25 Apr 2013, 22:54

It's a good thing we have not been holding our breath! Now I understand the dispare the average Leaf fan feels.
DeeCee
DeeCee
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Number of posts : 77
Location : Ottawa
Registration date : 2012-11-07

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Post by Guest Thu 25 Apr 2013, 22:44

God, time just flew by, you'd think we already have our cheques by now!

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Post by bigrex Thu 25 Apr 2013, 22:00

Yes, Maggie, The post judgement interest started in May 1st, 2012, so right no we are on day 360.
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Number of posts : 4060
Location : Halifax, Nova Scotia
Registration date : 2008-09-18

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Post by MaggieinNB Thu 25 Apr 2013, 20:39

This might be nit picky, but for any one looking for exact numbers...

amount of retro x 5% x (number of days owed/365)

What date does the 5% kick in.. is it May 2012 until MC receives the money from SISIP?

MaggieinNB
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Number of posts : 145
Location : Fredericton, NB
Registration date : 2012-09-27

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Post by Guest Thu 25 Apr 2013, 19:17

Cool thanks

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Post by Guest Thu 25 Apr 2013, 17:41

Oiler, normally anytime you are owed a yearly interest rate it is pro-rated to the month of issue, therefore, if SISIP pays an extra 4 months it should be slightly less than 1/2 % per month??? Simply take the annual rate and divide by 12 to get approx monthly interest rate.

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Post by Guest Thu 25 Apr 2013, 14:45

How is this going to be calculated in reference to our retro . Will it be monthly yearly etc .. Only on money received before May . So example a 10000 refund will what will it be 5% and another 5% for years 2012 /2013... Or monthly.....Looking for help on this thanks .. Has there been anything on his yet ...

Chimo

Derek

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