Earnings Loss Benefit (ELB) Increase to 90%

Excellent Teen , Thanks.

Your Johnny on the spot teen. That's a compliment, Tx.

Thanks Teen.

Just had a conversation with an old friend in the system and these are the 'points' for the increase

A memo to cabinet from VAC, for ELB, and from DND, for LTD, stating they are increaseing ELB/LTD from 75% to 90%. The memo will have amounts of vets and cost.

The trick is to get both VAC and DND harmonized to do it together.

Both of these changes can be announced at the budget but it might take some time after the budget to get them both done at the same time so a date in the future (a couple of months) might be the caveat for when the jump to 90% begins.

Also it seems VAC is being very tight lipped about this budget. Information right now is very hard to get so it's going to be a tight ride to the 22nd of March.

15% THIS.

15% is 15% is 15%. Think about it and do a little bit GoC math without pulling your hair out if you got any left.

3 steps ahead is SOP in that book.

Pray tell what hits the fan trooper has the right flavour for us

I agree with propat...if they bump up the ELB an not LTD...something is going to hit the fan.

well buds no they wouldn't HAVE TO but they have kept them equal so far when changes have occurred and I have seen no indication they would not do so this time as well.

if they don't im thinkin there would be a big crap storm .

propat

ELB increase to 90% (if); does it mean that they would have to increase also SISIP LTD?

Is there anybody else on here who is receiving the ELB alone without any other Veteran benefits?

lol I wouldt do that bigrex but a really fun idea though . maybe I will do it but when the time comes just tell him to forget it . thanks buds .

propat

Yes, it can be confusing, since most people automatically think that an increase of a certain percentage is based on the base amount, much like how COLA is calculated. In this case, they think the base amount is the current ELB benefit, instead of their pre-release salary. Propat, you should tell your friend that if he is so certain that you're wrong, make him a bet. if you're wrong, you will pay him an extra out of your ELB increase, and if he is wrong, then he pays you the difference between what he believes he will get, and what actually gets' paid out. I'm sure he will come around.

Basically, your gross ELB benefit is increasing. So if your current gross 75% mark is $4000, but you have $2500 deducted for other income, and leaving $1500 before taxes, hopefully this Spring, the 90% mark would be $4800, minus the same $2500, leaving $2300/month before taxes.

ya it looks like 15% it smells like 15% and it tastes like 15% BUT MANNNN IT SURE AINT 15% LMAO.

propat

k got ya buds good stuff.

propat

its really best to stay away the 15% thing as much as possible as it does seem to cloud the issue a bit.

propat