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can you follow my thought

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Post by Guest Wed 17 Oct 2012, 12:17

PMED ,

That might be a question for Teentitan .

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Recon031
Dave

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Post by Guest Wed 17 Oct 2012, 12:07

so are they currently topping up to prelease amt, but deducting to current like CPP(D) VAC sources?


Last edited by PMED on Wed 17 Oct 2012, 12:49; edited 1 time in total

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Post by Guest Wed 17 Oct 2012, 12:04


puddleduk2 ,

With regards to CPPD , sisip ltd are ONLY allowed to reduce your mthly by the ........ Pensioner Portion Only ...........


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Post by puddleduk2 Wed 17 Oct 2012, 00:09

yes it is humorous, and I have so few original thoughts now, I thought I would share it

Yes the SISIP plan only covers our CF salary for the 75%, but

as the CF and CPP plans are in competition with each other which results in another double dipping reduction plan of our CF pensions and they are both taken as 100% inclusive in reducing our LTD coverage.

cool thought eh
puddleduk2
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Post by Guest Tue 16 Oct 2012, 23:28

puddles great thought lol but if i recall it states pre release salary not income but check it out ive been wrong before..
propat

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Post by 6608 Tue 16 Oct 2012, 23:28

i believe it is based off 75% of "dnd" salary (now min 40k) not total income

Brian
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Post by puddleduk2 Tue 16 Oct 2012, 23:16

In my delirium I present a twisted thought,

When some of us were released we were already receiving CPP(D), for myself it was just over two years before my release date.

Our LTD SISIP coverage was to restore what we were making as total income the day after our release, minus CPP(D) and our CF Pension (and previously our PA amount).

My thought was my claimed income previous to my release included the CPP(D) amount as taxable income,

Even though SISIP currently deducts CPP(D) from our last income on release, shouldn't those in receipt of CPP(D) before their release be looked at as if it was part of their income on release, already established, not as an afterthought to reduce the liability of the plan.

thoughts anyone?
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