Srb being eliminated

What is SRB exactly? I am confused with all these changes.

Well, if you know exactly how much ELB you would have received, if there had been no deductions, from the application date, to April 1st. you would just need to multiply that amount by 2%. But that amount will still be taxable. 

For example, I know I applied for ELB in march 2012, so it's basically 7 full years. My 75% amount, at the time was roughly $4000. So all I did was multiply that by 84 months, to get $336000. So the SRB on that amount would be $6720 gross. But that is the low end, because I did not calculate COLA, or the increase to 90%.

good afternoon,

how do you calculate how much back pay we should be receiving,

thanks,
SIGS

Just saw a post on Facebook , the person claim to have been told by VAC that payment should start the 20 sept. Cross our fingers

Yes, we are being paid this in Sept. Most likely at the end of the month, with the rest of the benefits.

Are we still supposed to be paid in September? I never got any info from VAC on this.

Bonjour,
Si je comprends bien..
je suis sur ELB depuis 6 Octobre 2006 et en 2015 déclaré DEC..
Alors si je comprends bien,
Personnellement, j'aurais droit à 2% depuis 6 Octobre 2006 jusqu'au 31 Mars 2019??
2% de l'allocation de perte de revenus depuis 6 octobre 2006 et 2% de l' AIC et 2% du Supplément de l' AIC depuis 2015 jusqu'au 31 Mars 2019??
Même si j'ai été déclaré DEC en 2015, j'ai droit au 2%
Avant 2015 depuis le 6 Octobre 2006???
Si oui,
Quel est le montant approximatif que j'aurais droit d' Octobre 2006 au 31 Mars 2019??? Incluant ELB depuis 2006 et AIC et Supplément de l' AIC depuis 2015??
Merci beaucoup pour les réponses.
Bonne journée à tous.

It is based on the total amount of the ELB a Veteran received, before any deductions, as long as they were deemed DEC at some point before March 31st.

Steelgunner wrote:

cosmo12 wrote:news for the SRB fresh from VAC website.  Will be paid in september.

https://www.veterans.gc.ca/GCWeb/pdf/Factsheets/VAC-PFL-Factsheet-SupplementaryRetirementBenefitPayout-EN-v2.pdf

cosmo

So how are they calculating the payout?   Is it the same for everyone or based on how old you are?  Amount? A guess?

”The following Veterans and survivors will receive the payout:
• Veterans who were entitled to receive the Earnings
Loss Benefit prior to 1 April 2019 due to a diminished earning capacity, and did not receive the Supplementary Retirement Benefit.”,


What about veterans who were receiving ELB prior to 1 April 2019 but it was not due to a DEC, but just being in the REHAB program.?

cosmo12 wrote:news for the SRB fresh from VAC website.  Will be paid in september.

https://www.veterans.gc.ca/GCWeb/pdf/Factsheets/VAC-PFL-Factsheet-SupplementaryRetirementBenefitPayout-EN-v2.pdf

cosmo

So how are they calculating the payout? Is it the same for everyone or based on how old you are? Amount? A guess?

bigrex wrote:I'm glad we have an official answer, but why the Frack, do they need another 6 months to make these payments? They've only known that the SRB was being eliminated for over a year. If the VAC managers are that incompetent, that they can't organize a one time payment, when given a years notice, then they need to to be fired. What makes it worse, is that these delays aren't even going to result in an increase to the eventual payments, so they will get to keep any interest earned on that 53 million,for those 6 months.

Votes

I'm glad we have an official answer, but why the Frack, do they need another 6 months to make these payments? They've only known that the SRB was being eliminated for over a year. If the VAC managers are that incompetent, that they can't organize a one time payment, when given a years notice, then they need to to be fired. What makes it worse, is that these delays aren't even going to result in an increase to the eventual payments, so they will get to keep any interest earned on that 53 million,for those 6 months.

news for the SRB fresh from VAC website. Will be paid in september.

https://www.veterans.gc.ca/GCWeb/pdf/Factsheets/VAC-PFL-Factsheet-SupplementaryRetirementBenefitPayout-EN-v2.pdf

cosmo