QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

Well what you need to do is actually figure out the math which I got close.. so here's what it is in my view, I did another post somewhere else, but as per your example..
@100% he received $297K
Under new PFL he'd receive $1150 a month as max right
But they back date it or retro to date of Award, so now we go back to 2006 so from April 2019 Back to 2006 per say is 13 year's.

so now we take 13 year's, x 12 months = 156 months x's $1150 = $179400

Since he was paid or received $297000 it seems that he was OVER PAID, so they take the $179000
what he would of gotten from the $297000 he received, which leaves $117600 so that takes us to date April 2019

Now, from Current to he is 84 as you state is 39 year's.

So 39x12=468 Months
468 months x $1150 $538200

But now we have to Take back that extra $117600 from which he had received from the Award.
So now $538200 - $117600 = $420600

Now if you take that amount the $420600 and divide that by number of months remaining till 84 so
$420600 divided by 468 months = $898.71 which he'll get per month till he hits 84

Now why are my numbers off, well cause I am using equal number of month instead of actual number
Like if he got his award in 2006, that would mean like only 6 months, since the NVC didn't come in till June, now to his 84 Birthday it could be only 2 months in that year, so since I don't have exact numbers, I can only guestimate
but my numbers come up pretty close.

NB
Now had he received less in award I guess the other way, rather then subtraction they'd add so not a -$117600 per say, it'd be +$60K and that would get added on So my example instead of $538K - $117 it would be like $538K + $60k

As per multiple claims, you need to do them separately up to 2019 then from 2019 you can use the 1 amount
so 100% gets $1150 makes 20% $230 a month
so from date of award 2010 x's number of months till April 2019 x's the monthly amount
same for next ones.
Add them up and find the difference between totals, received and should have

then from April 2019, you can use the total % going forward, so if you have a 20/10/10 awards going forward
you'd be looking at 40% so 40% = $460 a month - any difference from awarded and received

Yes I agree . An example of a vet with your circumstances would be very interesting. Also, that kind of example  would more closely represent a far greater number of vets than the example they gave.  Does anyone know how we could get DVA to publish a different example

I'm with you!
how about a 60% vet who received 20% in each 2010 2012 2014.

I have tried numerous times to understand the Pension For Life ( PFL ) example of the Veteran who has already received a Disability Award and I cannot figure how that example makes sense. The Vet was 100% awarded in 2006 and he was 32 yrs old. He has so far received 297,000 award payout. In  2019 when PFL takes effect he will be 45 yrs. His life expectancy is 84 yrs ( Gov Estimate ) so he is expected to live for 39 more years. The example states he will receive 118,000 as an extra award for pain and suffering. THE EXAMPLE THEN STATES THAT THIS VET WILL RECEIVE 880.00 A MONTH FOR LIFE. This is 880.00 a month or 880,00 x 12 = 10560 a year. If this vet lives 39 more years he will receive 39 x 10560 = 411,840 dollars . This amount is a long way from the 118,000 that the example shows. Is this example out of wack or am I missing something. Is there any math whizs who can confirm of explain this example.

absolutely correct sailor . apply apply apply . do this yesterday . it looks like most future vets are going to get fracked by these changes . DONT GET FRACKED at least any more than you already have . get er done .

propat

Apply for CIA s soonest. Those that dont will not be happy with the replacement.

Well the PSC will be on top of the current benefits, but I highly doubt we will get the 1% increases to IRB, because it's basically their poor excuse of a replacement for the CIAS.

ahhh I get it now! thanks.
I messaged VAC asking if the PSC would be applied on top of the other benefits that will be "no less" than what i currently receive, or clawed back by the difference in what i currently receive and what the new suite of benefits would pay. I also inquired whether or not vets that will be grandfathered and receive the same benefits as now will still receive the 1% per year that their careers were cut short. will post with response.

Basically, what they are saying, is that we have been overpaid for our disabilities by the NVC. So they are lying when they say that we don't have to pay back the LSA, because they are basically garnishing our future pensions, to pay back the remainder of those lump sum payments.

So they will calculate what a 65% monthly pension will be ($747/mo) and multiply that by the number of months since you received your DA. So 7 years at 65% is roughly $63000. They then deduct that amount from the DA that was paid, leaving a balance owing of $153000. That amount is then divided over your expected lifetime. So if they calculate that you would live to 85, it will take 47 years, to pay back that $153000 at a rate of $271/mo. So, out of the $747/mo pension, you will only receive $476/mo. If you were 10 years older, your monthly PSC would be even lower, because VAC would have less time to claw that money back.

does anyone understand the math if you received a DA?
http://www.veterans.gc.ca/GCWeb/pdf/Retro/PFL-infographic.pdf

doesnt help me much

Im 65% DA in 2012 and 37yo
216,000 DA roughly

bigrex wrote:Well, I will only believe that the 78% isn't in play, even as an unwritten rule, until we hear about post 2019 veterans, below 78%, getting the APSC, merely for the fact of being deemed DEC.

Likely the right approach!

Well, I will only believe that the 78% isn't in play, even as an unwritten rule, until we hear about post 2019 veterans, below 78%, getting the APSC, merely for the fact of being deemed DEC.

The 78% was mention at one point on Dec 20th Q&A.That was addressed another time and the minister said its an individual assessment. Q&A on the most recent facebook with MVA and General someone the DMVA

Bigrex - Great pts about Mitic, and working. Although I have all my limbs, my mental issues with ptsd, and memory/concentration issues will not allow me to work. So I can see some of those Vets, who are missing parts, and mentally may be ok. They may be in there 20's/30's and still want to contribute and work. So your right it is a individual decision. VVV...

They stated somewhere that the APSC is intended for severely disabled Veterans. for VAC, the definition of "severely" is those assessed at 78% and above. IIRC, 48% and above are considered "moderately disabled", and less than 47% are "mildly disabled". Obviously, nobody really knows until the legislation is written, but one indication is going to be more restrictive than CIA, and possibly even the PIA, is this quote from the Q&A "The key difference on which grade is paid is that the CIA considers medical impairment as well as earnings capacity. APSC will only consider medical impairment.". Another indication is that the disability must be causing a barrier to establishment of post military life. So, lets look at someone like Mitic, who lost both legs in Afghanistan. He qualified for PIA, based on multiple amputations. But would he have qualified for the APSC, because in spite of losing both legs, he has gone onto competing in the Amazing Race Canada, and a budding career in politics. I wish him nothing but the best of luck, but his disability hasn't been a barrier to his civilian life, compared to others who are not physically or psychologically capable of working.