SISIP COLA RETRO (Assorted Topics)

Congratulations big rex

its been cold but it seems it needs to got a lot colder before they put their hands in their own pockets .

propat

glad I got that outta my pocket, oops thought it was full, Get your hands outta my pocket you thieves FUGGERS

I do not understand the extra allowance shyit, as it makes no fugging sense to keep bargaining with our fugging money who the fugg do FUGGING MC and COOPER think they are, where the FUGG is the justice for veterans here. LEAVE NO VET BEHIND my ares thats a FUGGING laugh MC because if you Left a Veteran Behind you can't rob the FUBBER blind, AFUGGIN HOLES

ya bigrex they do also deduct gst/hst/pst where required so that may account for this .

propat

tax this.

Rex,

Not a bad surprise, took long enough to reach your mail box, that is if all of the cheques were sent out on the same day by MC.

With respect to the Legal fees, according to the Cola court order, MC had asked for 8% + 0.038% for an additional allowance for out of pocket expenses - in the order the Judge agreed with that - so look for 8.038% for Legal fees to be deducted.

Now according to my calculations which may or may not be correct with the total of the Cola being $609.32 and deducting of the 8.038% for Legal fees the amount should add up to $51.06 taken off for those Legal fees.
In your case they took $52.97 for Legal fees - this leaves a $1.91extra which they took from you - so this $1.91 would be the question I would be asking about, and I would think and answer would be deserving.

Further to all of that, Deloitte has been appointed to review, and monitor this order, if and that is if, they are making mistakes, Deloitte should know about it - not accusing anyone - just looking for and explanation, and they very well maybe a perfect explanation that would account for it.

It may have something to do with the tax withheld by Manulife.

I just looked at the paperwork, and I noticed something alarming. The legal fees charged was $52.97, on my $609.32 of COLA. That actually equals 8.69%. The court order stated that legal fees are to be calculated at 8% even. It might only make a difference of a few dollars, but if they charge an average of an additional 5-10 dollars in legal fees from every Veteran, that could be of a hundred thousand dollars stolen out of our pockets. The lawyers are taking enough of our money, so why should they get away with taking even more than they are supposed to.

Well, colour me surprised. I received my COLA cheque tonight. I haven't had a chance to read everything thoroughly, but as a 24 month client, I just got $548. The package also included an invoice for the legal fees, and a letter explaining that the legal fees and disbursements are tax deductible.

Hi there nessie,

Appreciate you passing that on to us.

I am going to guess that the $50.oo administration is for what the order calls a "administrative correction"

This is where any debt cancellation that was not factored into the cola of the class member's first refund.

Evening, just wanted to pass on that I received my Cola cheque in the mail today. I am a two year client, June 2010 - June 2012 and cheq is worth maybe a tank of gas for my truck (had a administrative deduction of just over $50 taken off it plus of course $11.84 for legal fees). What is this admin deduction all about? Perplexed at that. At the end of the day I guess this is better than no gas LoL I live out in southern Alberta.

No COLA for me.

nav you may have a big one buds the nightmare may just be worth it.

propat

yus trooper and by my math in my case it would be better to take the hit this year so I think I may not even bother submitting it . sure I could be wrong and it mey save me a few buck but its not worth the potential nightmare .

propat

propat,

The bad news is that everyone who receives a COLA cheque will receive a T5 next year for that interest paid on our COLA.

Also, because it is considered retro - those who received $3500.oo - or more might be in for another 1198 nightmare.