2023 Rates

Lordporky wrote:hey, I appreciate the feedback and efforts to clarify.

I think there is a math error on VACs part. It's more than just a rounding difference.

I get an amount for PSC/APSC and an amount for IRB. MyVAC account shows the monthly amounts for 2022 and the "gross entitlement" amount with is for the next payment in Jan 2023 (this was confirmed through email conversation by VAC).

My PSC/APSC shows an increase of 6.6% (6.6 is what VAC is using for indexing - also confirmed via email by VAC). however the IRB shows the January increase is a 3.18% increase.

Of course I'm grateful for any increase, we are lucky it is indexed. I just want to understand what is going on. I wish they would just make the calculations transparent.

derngt wrote:

Xnurse wrote:Didn’t mean to offend, just trying to express my understanding of the issue. I’ll check out the Facebook page for clarification. I’m not having any panic attacks, thanks for thinking of me. 

derngt wrote:

Xnurse wrote:My understanding of this situation is that VAC, in their infinite capacity for dumbass planning, created an ongoing discrepancy between their programs and the programs vets receive from other agencies. VAC annual indexation is based on the same Consumer Price Index calculation as SISIP, CPP, and CAF pension, but they do the calculations based on numbers from October to November, while everyone else uses CPI from September through October of the previous year. Therefore VAC rates are likely to be either slightly higher or lower than every other benefit indexation vets receive. Then the Department has to calculate the difference between the Veterans benefits from other departments compared to their IRB total, which is increased by their slightly different numbers. This is why every year in January, benefits calculated by vets are offset slightly from what everyone expects. I provide a simplified example below based off my income streams:

                     My 2021 -           2022 with 6.3% used by everyone else but VAC

CPP -              200.                    212.6
CAF Pension-   200.                    212.6
SISIP -            200.                   212.6
VAC IRB -        400.                   (Would expect 425.2 at same rate as everyone else) but actually 427.2 since it must include all other incomes streams as offsets.

VAC total 2021 for IRB 1000     - 2022 with VAC at 6.5% = 1065

Of course, in future years the discrepancy may result in less increase from VAC if the inflation number of the month that is different in each calculation is lower than the one used by every other department.

It’s quite confusing. It took my a lot of research to figure out why every benefit wasn’t increasing in line with the others, but it’s actually only the VAC ones that are different for my situation. And yes, I did bring this to the attention of the ministers office when they published the new legislation which created this problem. They weren’t interested.

What point are you trying to make. Just because the calculation doesnt lineup with how you want them to be doesnt make it wrongs. Our VAC this year will be 6.5% compared to our CFSA of 6.33%. That's a win. Oh by the way our CPP/CPPD/OAS are in line with how VAC does the calculation. It is OUR CFSA that calculates our indexing differently. SO you are having a panic attack and blaming the wrong agency. Furthermore our SISIP/Manulife is maxed at 2%. If you need to see how it all gets calculated go to the CVA page on Facebook.

You know what, I should not have commented like I did. I apologize. You were just going after VAC without actually having all the details. The difference between the 2 numbers are so low and really isnt a issue. We are fortunate to even get our money indexed. Now you want to be angry get angry at SISIP

derngt wrote:

Xnurse wrote:Didn’t mean to offend, just trying to express my understanding of the issue. I’ll check out the Facebook page for clarification. I’m not having any panic attacks, thanks for thinking of me. 

derngt wrote:

Xnurse wrote:My understanding of this situation is that VAC, in their infinite capacity for dumbass planning, created an ongoing discrepancy between their programs and the programs vets receive from other agencies. VAC annual indexation is based on the same Consumer Price Index calculation as SISIP, CPP, and CAF pension, but they do the calculations based on numbers from October to November, while everyone else uses CPI from September through October of the previous year. Therefore VAC rates are likely to be either slightly higher or lower than every other benefit indexation vets receive. Then the Department has to calculate the difference between the Veterans benefits from other departments compared to their IRB total, which is increased by their slightly different numbers. This is why every year in January, benefits calculated by vets are offset slightly from what everyone expects. I provide a simplified example below based off my income streams:

                     My 2021 -           2022 with 6.3% used by everyone else but VAC

CPP -              200.                    212.6
CAF Pension-   200.                    212.6
SISIP -            200.                   212.6
VAC IRB -        400.                   (Would expect 425.2 at same rate as everyone else) but actually 427.2 since it must include all other incomes streams as offsets.

VAC total 2021 for IRB 1000     - 2022 with VAC at 6.5% = 1065

Of course, in future years the discrepancy may result in less increase from VAC if the inflation number of the month that is different in each calculation is lower than the one used by every other department.

It’s quite confusing. It took my a lot of research to figure out why every benefit wasn’t increasing in line with the others, but it’s actually only the VAC ones that are different for my situation. And yes, I did bring this to the attention of the ministers office when they published the new legislation which created this problem. They weren’t interested.

What point are you trying to make. Just because the calculation doesnt lineup with how you want them to be doesnt make it wrongs. Our VAC this year will be 6.5% compared to our CFSA of 6.33%. That's a win. Oh by the way our CPP/CPPD/OAS are in line with how VAC does the calculation. It is OUR CFSA that calculates our indexing differently. SO you are having a panic attack and blaming the wrong agency. Furthermore our SISIP/Manulife is maxed at 2%. If you need to see how it all gets calculated go to the CVA page on Facebook.

You know what, I should not have commented like I did. I apologize. You were just going after VAC without actually having all the details. The difference between the 2 numbers are so low and really issue. We are fortunate to even get our money indexed. Now you want to be angry get angry at SISIP

Xnurse wrote:Didn’t mean to offend, just trying to express my understanding of the issue. I’ll check out the Facebook page for clarification. I’m not having any panic attacks, thanks for thinking of me. 

derngt wrote:

Xnurse wrote:My understanding of this situation is that VAC, in their infinite capacity for dumbass planning, created an ongoing discrepancy between their programs and the programs vets receive from other agencies. VAC annual indexation is based on the same Consumer Price Index calculation as SISIP, CPP, and CAF pension, but they do the calculations based on numbers from October to November, while everyone else uses CPI from September through October of the previous year. Therefore VAC rates are likely to be either slightly higher or lower than every other benefit indexation vets receive. Then the Department has to calculate the difference between the Veterans benefits from other departments compared to their IRB total, which is increased by their slightly different numbers. This is why every year in January, benefits calculated by vets are offset slightly from what everyone expects. I provide a simplified example below based off my income streams:

                     My 2021 -           2022 with 6.3% used by everyone else but VAC

CPP -              200.                    212.6
CAF Pension-   200.                    212.6
SISIP -            200.                   212.6
VAC IRB -        400.                   (Would expect 425.2 at same rate as everyone else) but actually 427.2 since it must include all other incomes streams as offsets.

VAC total 2021 for IRB 1000     - 2022 with VAC at 6.5% = 1065

Of course, in future years the discrepancy may result in less increase from VAC if the inflation number of the month that is different in each calculation is lower than the one used by every other department.

It’s quite confusing. It took my a lot of research to figure out why every benefit wasn’t increasing in line with the others, but it’s actually only the VAC ones that are different for my situation. And yes, I did bring this to the attention of the ministers office when they published the new legislation which created this problem. They weren’t interested.

What point are you trying to make. Just because the calculation doesnt lineup with how you want them to be doesnt make it wrongs. Our VAC this year will be 6.5% compared to our CFSA of 6.33%. That's a win. Oh by the way our CPP/CPPD/OAS are in line with how VAC does the calculation. It is OUR CFSA that calculates our indexing differently. SO you are having a panic attack and blaming the wrong agency. Furthermore our SISIP/Manulife is maxed at 2%. If you need to see how it all gets calculated go to the CVA page on Facebook.

derngt wrote:

Xnurse wrote:My understanding of this situation is that VAC, in their infinite capacity for dumbass planning, created an ongoing discrepancy between their programs and the programs vets receive from other agencies. VAC annual indexation is based on the same Consumer Price Index calculation as SISIP, CPP, and CAF pension, but they do the calculations based on numbers from October to November, while everyone else uses CPI from September through October of the previous year. Therefore VAC rates are likely to be either slightly higher or lower than every other benefit indexation vets receive. Then the Department has to calculate the difference between the Veterans benefits from other departments compared to their IRB total, which is increased by their slightly different numbers. This is why every year in January, benefits calculated by vets are offset slightly from what everyone expects. I provide a simplified example below based off my income streams:

                     My 2021 -           2022 with 6.3% used by everyone else but VAC

CPP -              200.                    212.6
CAF Pension-   200.                    212.6
SISIP -            200.                   212.6
VAC IRB -        400.                   (Would expect 425.2 at same rate as everyone else) but actually 427.2 since it must include all other incomes streams as offsets.

VAC total 2021 for IRB 1000     - 2022 with VAC at 6.5% = 1065

Of course, in future years the discrepancy may result in less increase from VAC if the inflation number of the month that is different in each calculation is lower than the one used by every other department.

It’s quite confusing. It took my a lot of research to figure out why every benefit wasn’t increasing in line with the others, but it’s actually only the VAC ones that are different for my situation. And yes, I did bring this to the attention of the ministers office when they published the new legislation which created this problem. They weren’t interested.

What point are you trying to make. Just because the calculation doesnt lineup with how you want them to be doesnt make it wrongs. Our VAC this year will be 6.5% compared to our CFSA of 6.33%. That's a win. Oh by the way our CPP/CPPD/OAS are in line with how VAC does the calculation. It is OUR CFSA that calculates our indexing differently. SO you are having a panic attack and blaming the wrong agency. Furthermore our SISIP/Manulife is maxed at 2%. If you need to see how it all gets calculated go to the CVA page on Facebook.

Xnurse wrote:My understanding of this situation is that VAC, in their infinite capacity for dumbass planning, created an ongoing discrepancy between their programs and the programs vets receive from other agencies. VAC annual indexation is based on the same Consumer Price Index calculation as SISIP, CPP, and CAF pension, but they do the calculations based on numbers from October to November, while everyone else uses CPI from September through October of the previous year. Therefore VAC rates are likely to be either slightly higher or lower than every other benefit indexation vets receive. Then the Department has to calculate the difference between the Veterans benefits from other departments compared to their IRB total, which is increased by their slightly different numbers. This is why every year in January, benefits calculated by vets are offset slightly from what everyone expects. I provide a simplified example below based off my income streams:

                     My 2021 -           2022 with 6.3% used by everyone else but VAC

CPP -              200.                    212.6
CAF Pension-   200.                    212.6
SISIP -            200.                   212.6
VAC IRB -        400.                   (Would expect 425.2 at same rate as everyone else) but actually 427.2 since it must include all other incomes streams as offsets.

VAC total 2021 for IRB 1000     - 2022 with VAC at 6.5% = 1065

Of course, in future years the discrepancy may result in less increase from VAC if the inflation number of the month that is different in each calculation is lower than the one used by every other department.

It’s quite confusing. It took my a lot of research to figure out why every benefit wasn’t increasing in line with the others, but it’s actually only the VAC ones that are different for my situation. And yes, I did bring this to the attention of the ministers office when they published the new legislation which created this problem. They weren’t interested.

derngt wrote:

Lordporky wrote:My understanding is that the index rate for 2023 is 6.3%.
I checked myvac account and it shows my PSC is set to increase by 6.6% and my IRB by 3.18%.
Anyone else’s numbers looking funky or know what’s going on here?

The numbers will all be the same for any VAC indexing.It should be 6.5% plus or minus. It should sourt itself out

Lordporky wrote:My understanding is that the index rate for 2023 is 6.3%.
I checked myvac account and it shows my PSC is set to increase by 6.6% and my IRB by 3.18%.
Anyone else’s numbers looking funky or know what’s going on here?