Increased Disability Award & Retro

VRI, the average disability is assessed at only 15%, which pays around $46000. The current PA pension for a single Veteran, is only around $400, so it would take over nine years worth of 100% of those monthly payments, be it through retro, or future, payments. So the later that you were disabled, the longer it will take to pay off the lump sum, especially now with the top up, if that will even an option.

If you get PA , you can also receive CPPD , plus CF pension , plus ELB or ltd. if you get 100 percent PA and that's not deducted from ELB or ltd your already above release salary. I know a lot of veterans , myself included, who make a lot more than release salary. Needless to say I think I deserve it but I don't think the government thinks this way. The legion service officers have access to VAC computer files to process claims and to be honest at my legion the service officer has a stack of them and his success rate on second apps is over 80 percent but mostly reserves from Afganistan! I wish they would bring back the PA but remember that statement awhile back, I can't remember who exactly said it, but they said when JT got in, let's just bring back the PA but the bureaucrats said you don't throw out the baby with the bathwater, referring to the NVC! I just don't get a good feeling as this should have been completed by now and why did they raise the NVC lump sum if they planned on bringing back the PA

Nav, as much as I wouldn't be surprised that some Bureaucrats, and even politicians, want the PA to die, as long as the Equitas lawsuit is alive, so are our hopes that they will bring in a substantial pension. They don't want the optics of being forced into bringing back the pension.

totally disabled vets should be getting their pay at their previous rank as it is currently paid plus pain and suffering so unless they are making that much the GOC can go frack itself .

propat

"Also I heard from the same source that the government has mentioned that some veterans between CPPD, ELB and SiSip ltd, Vac PA and disability award and CF pension a lot of veterans are bringing in way more than there release salary , "

This doesn't seem true. First of all, how/why would a legion official be privy to private VAC records? The Legion is a private organization.

Second, the "more then release salary" thing isn't true. Many of those programs you list are exclusionary. For example, if you have PA, you won't qualify for those other ones. ELB and SISIP, I believe, aren't given together.

And even if it were true that some vets are getting more then their release salary, that would be even more reason to switch to the PA and get rid of all the other programs.

I was told when I asked a somewhat higher up legion official after she visited our legion on Saturday, that the PA is dead! That's why the RCMP are going to lose it once Union thing gets going, the government doesn't want to bring it back. Also I heard from the same source that the government has mentioned that some veterans between CPPD, ELB and SiSip ltd, Vac PA and disability award and CF pension a lot of veterans are bringing in way more than there release salary , So the big question is , if this is true, how are veterans getting a raw deal! It's coming guys , I believe too much shyte has been thrown the governments way and there going to use this argument to not reinstate the PA! The life long pension promise, and maybe the experts on here that talk to VAC , should ask this? The new pension option will be the disability award granted and this instead of paid out in a lump sum will be used to purchase a Manulife securties life long annunity, which will pay out an amount monthly until the client is deceased. If anyone who has " connections" ask and I bet they will be surprised, the PA is toast!

50 years at $30,000 a year is $1,500,000 versus $260,000 once per lifetime plus this top up.

I never thought of it like that VRI. It is starting to change my perspective of the NVC. Sure I can use the pay as a downpayment for a house but long term we got the shaft.

Which, incidentally, shows just how bad of a deal the NVC is for us vets. They took a lifelong pension and reduced it to a lump sum equivalent to 4-5 years of payments. I was pensioned when I was 25. Barring bad luck, I'll probably live 50-60 years afterwards. And they paid me (and all of us) for 5.

What a joke.

What is the pension actually worth?

Even if a person @ 100% gets, say, $45k/yr, it won't take long. I assume they'll count the years in between.

In my case, I got $260k in 2008 for 100%. Mine would be paid off already at $45,000/yr. Frankly, considering they won't be reinstated until at least 2018, I would expect back pay. That's $450k over ten years I was entitled too, and I would have only been paid $310,000 ( including this top up)

This is a fear of mine as well. I calculated that it would take me 8 years to pay back the lump sum which isn't too bad since I am only 28, this assuming the pension is at the pension act rates and not some reduced amount.

- Panserbjørn

The only issue I have with the top up, is how will it affect us when they finally bring in the life long pension? Why bother paying us all this extra money, if we just have to pay it back, in order to collect the new monthly pension, at an unreduced rate? So to me, this either means that they are going to forgive the lump sum payments, and just give the monthly pensions on a going forward basis only, or we are not going to be eligible for the monthly pension option, for claims approved between 2006 and whenever they get around to making the changes.

It's hard not to try and figure out the calculations when even just a small amount can make a big difference.

I would say I am driven by Hope.

Really? Ladies and gentleman don't waste your time on this calculation.
Peanuts in the bigger picture.
Bottom line, I am still being short changed unless, someone explain to me properly what they mean by bringing back the lifelong pension.
They still never fixed the problem.
For me, I calculate a back pay of probably $5000 give or take.
big woops!
The continued grief ! ! !

VIR im imagining that would be their argument although I would disagree with then . ALL buyouts should be equal nominally with COLA paied going forward on an annual basis . if the COLA principle's are to be applied to this ALL buyouts of the same percentage would end up with an equal nominal value anyway .

and ya the 11000 does not fit anywhere the closest year would be the pro rated 2016 amount . seems like they will be using that for their flat rates IF they are rounding off quite a bit like hundreds of dollars I never rounded like that before but its hard to say without some real examples .

propat