Payments to “Zero Sum” Members to Commence October 22, 2012

Navrat what are you a mind reader? Already made the call and the wheels are in motion.

Beauty about this is it will reach those vets who do not come to the CSAT. So I have a request for everyone and the visitors that have dropped by to catch up on the latest info...

IF YOU KNOW ANYONE WHO WAS ON SISIP PLEASE TELL THEM TO READ THIS INFORMATION. IT IS NOW OUR JOB TO INFORM THE REST OF THE VETERANS.

Teen, With your connections to the major Canadian newspapers, I think you should make a press release, this is surly information that the Canadian people should know about,

To Peter Driscoll and the rest of the legal team THANK YOU!

Your tenacity with DoJ/Toope has resulted in a lot of happy severly injured veterans!

Thank-You from the bottom of my heart.

Guys, don't worry about the yearly medical, this was required by sisip anyway, this is a victory, if you would have heard the stuff I was told by sisip, they acted to me on the phone like they did not and it would take years to sort this out. Now they have 2 weeks to start them flowing.Call sisip and give your banking info, they have mine , and it was bitter sweet telling them each digit of my bank account

This is a first great victory for Zero Sums by this Awsome legal team. I am feeling on top of the world. And got a feeling lots more great news comming in the future. tysvm all those at Mcinnes cooper and Dennis manuge who have made this happen.

I left my information on that line, Peter, but for sisip to start that means they are taking the payment info from their computer file on us. Is this correct.

Victory, Peter,I could cry I never thought this saga would end,Talk about taking down the Roman Empire , Is Nero watching as Rome burns. So this will be automatic and we do not have to call sisip at all and they sisip will send us the forms in feb, because for some guys they never receive any forms from sisip, Thanks Peter,

Thank you for the quick response. Have a wonderful evening....

Hi Frankie, our Court dates for final approval have slid to January 15 and 16th, so the Notice and package to the class goes out first week of December.

Wonderful news....congrats everyone on reistating the zero sums so quickly. Well done, Peter and Legal Team. Quick question, is the the class action letter still coming out by end of October for the class to go over and respond to in 30 days??

Important points:

1. This is also going by e-mail to the class, and will be translated into French tomorrow for distribution;
2. McInness Cooper cannot tell you if you are on Manulife's list or not because we do not have the list yet. We are only aware that Manulife have identified 893 "zero sum" members who may qualify subject to the conditions set out in the memo.;
3. The declaration referred to in the memorandum will be sent out by Manulife Financial;
4. Sorry for the "legalese" but the memorandum reflects the interim agreement reached with the Government, so it mirrors the wording of the formal agreement reached with the Government;
5. Our negotiations with the Government of Canada continue and the Interim Agreement is subject to any Final Agreement approved by the Court. We will report on the issues raised in our previous memorandums by the end of October.
6. Please use the 1-855 number if you believe you are a "zero sum" class member and not for general inquiries.

Peter ,

Great News , thank - you , thank - you , thank - you

For Country
Dave Fitzpatrick & Family of .......7 .......
Ontario

After further negotiations with the Department of Justice we are pleased to announce that payments to “zero sum” members will commence on October 22, 2012, and will be completed no later than November 9, 2012.

“Zero sum” members are those members of the class who have received nothing from SISIP LTD due to the deduction of their VAC disability payments.

Please read the following information carefully to ensure that you follow all of the steps outlined below. These steps are described as agreed with the Department of Justice.

Starting no later than October 22, 2012, monthly SISIP LTD benefits will be paid to those zero sum claimants identified by Manulife Financial as being entitled to benefits and whose file has been closed for more than two years due to the Pension Act offset. The issuing of the cheques by Manulife Financial will be completed no later than November 9, 2012. The effective date of the payments will be October 1, 2012.

These monthly LTD payments will be made on a without prejudice basis for an initial period of 90 days until February 8, 2013. Without prejudice means that you will be paid benefits pending the processing of your file by Manulife Financial as outlined below. There are no guarantees that the benefits will continue unless you qualify under the terms of the policy as adjudicated by Manulife under this process.

The payments will correspond to the last calculation that was made by Manulife Financial before it was offset to zero due to the Pension Act offset plus an adjustment based on the cost of living indexed from the date of closure of the claim to the present date. If, after the removal of the Pension Act offset, remaining offsets do not put this claim in a positive pay status, no without prejudice payments will be made.

You will not be required to provide medical or financial information in order to start receiving the LTD payments for the initial 90 days.

On or before February 9, 2013, claimants will be required to fill in and return a declaration to Manulife Financial providing a status update on their medical condition and financial circumstances for the purpose of continuing the without prejudice payments.

If the declaration indicates that the claimant’s medical condition and financial information have not changed since the closure of the file, the claimant will not be required to provide additional information to Manulife Financial.

If the declaration indicates a change in the medical condition and/or financial information, Manulife Financial will require the claimant to provide additional information.

In the event the declaration is not supplied by February 9, 2013, the monthly LTD payments would cease.

If a declaration is submitted by February 9, 2013, Manulife Financial will continue to pay, on a without prejudice basis, the monthly LTD payments until April 30, 2013, for a total of 180 days.

During this time, Manulife Financial will review the files and determine the actual entitlements to LTD benefits based on the information on file and the information submitted by the claimants. Payments will be made accordingly.

At any time that full information is received from the claimants, Manulife Financial will adjudicate their claims and payments will be made on the basis of their adjudication results, which could occur anytime between February 9th and April 30, 2013.

If additional information requested by Manulife Financial has not been provided by the claimant by April 30, 2013, the without prejudice payments would cease. Permanent LTD payments would not be commenced until the information has been provided and Manulife Financial has determined the actual entitlement to LTD benefits.

If the review conducted by Manulife ultimately reveals either overpayments or underpayments during the period of 180 days, Manulife Financial will make the necessary adjustments.

a. In the event of an overpayment, Manulife Financial will make the adjustments, first out of any retroactive payments, and second, out of future payments if there is no retroactive entitlement or such is not sufficient to recover the adjustment. In the event it is later determined that the claimant is not entitled to retroactive and future payments, Manulife Financial will seek to recover the overpayments from the claimants.

b. If an underpayment was made during the period of 180 days, Manulife Financial will pay the difference to the claimant.

Zero sum members who file a declaration and whose claims are accepted by Manulife Financial on an interim basis, still must provide ongoing proof of disability or continued eligibility to receive SISIP LTD as required under the terms of the Policy in future.

The terms of this interim agreement are subject to any final agreement reached between Counsel for the Class and the Government of Canada, and approved by the Court.

If you have any questions with regard to the information provided above, please contact SISIP at 1-855-370-0025. We note that this toll free number has been established for “zero sum” members and should not be used for general inquiries on the status of the negotiations or issues with respect to retroactive payments.

And, as always, please do not hesitate to contact us as follows:

By email: SISIPClassAction@mcinnescooper.com

By phone: (902) 455-8140.


Peter Driscoll