Sisip ltd till 65 then what????

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Sisip ltd till 65 then what????

Post by Ex Member on Tue 11 Dec 2012, 13:17

I was at my sons school and was actually talking to his history teacher, we were talking about the sisip clawback because my son had mentioned the case during a law class he teaches also, why he mentioned and I thought was worth a chat was why does sisip ltd stop at 65, to me this seems very unfair because this will result in a substantial drop in income for the veteran and the veteran being disabled what are his options, OAS , that's only 450 a month? Even in Ontario hen you reach 65 on workers compensation it still continues, so my question is yes it's great to receive that ltd until 65 but is it fair to discrimate based on the age limit of 65 or should it continue until you can work or are dead? Peter is this something maybe you should be looking at? Also imagine when all of us are appraching 65 , this forum will be swamped with all our posts of how unfair it is to stop sisip at 65, but then again we can all go back to collecting pop bottles, just a thought Very Happy

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Re: Sisip ltd till 65 then what????

Post by Greatfoot on Tue 11 Dec 2012, 13:33

My $.02, but it's INCOME REPLACEMENT, so you should, in theory, be socking away a portion of it for retirement, into RRSP's or whatever, therefore I think the CRA-65, or whatever it will be at that point, is a moot point. I will, however, also add that the SISIP cut-off age be tied to the legal CRA, then it will more accurately reflect an individual's ability to work.
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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 13:48

Greatfoot, at 75 percent of release salary , it is very hard to sock away anything, plus rrsp and such take away your OAS at retirement, believe me it's better to have Zero assets at 65 because you loose alot of medical and retirement benefits, wife's father at 80 had paid off house, money in the bank, got sick needed 24 hour care, wife's family had to use every penny up of his , then provincial benefits kick in, if we had sold off everything and kept it as cash or gold , then province would have paid for everything,

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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 13:52

Really any pension plan, except vac, is loss or replacement of income

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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 13:54

You.might have forgotten , I am a socialist and proud of it! If you tremble with indignation at injustice than your a comrade of mine

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Re: Sisip ltd till 65 then what????

Post by bigrex on Tue 11 Dec 2012, 14:00

well seeing as there is no mandatory retirement age, and the current Government is pushing for Canadians to take CPP and OAS as late as possible, maybe they should abolish the age limit. Also, if I'm not mistaken, SISIP at one time was for life,and the changes to reflect the current cessation at 65 happened in the 80's, which if the lawsuit is backdated to before those changes were made, will create another unequal treatment of Veterans based on their medical release year.
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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 14:03

Very good intel, Big Rex, Peter , stop loading the brinks truck with my settlement cash, and take a second to view this

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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 14:09



Back to 1976 ? very interesting ...................what indeed this might bring about ???


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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 14:13

That would only be fair

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Re: Sisip ltd till 65 then what????

Post by Guest on Tue 11 Dec 2012, 15:05

Nav I will start digging a trench in the back yard!!!!! and my husband carves the turkey silly>>>>>>>>>>>>>>>>sparrow

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Re: Sisip ltd till 65 then what????

Post by puddleduk2 on Tue 11 Dec 2012, 16:38

Question, if sisip stops at age 65, and by the time we get there the mandatory age changes to age 67 which is happening or happened..

Where does that put us for those interim years with no sisip..
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Re: Sisip ltd till 65 then what????

Post by puddleduk2 on Tue 11 Dec 2012, 16:40

Previously you could elect to start cpp by age 60 at a 30% reduction, or no reduction at age 65, or 30% increase if you wait til age 70.

Our cpp(d) will automatically convert to regular cpp at whatever age it happens to be legislated.
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Re: Sisip ltd till 65 then what????

Post by Sapper Zodiak on Tue 11 Dec 2012, 16:45

Confusing issue here people...I was told that those of use "fortunate enough" to be maimed and disabled for life prior to 1999 have LTD until death. After 1999 only until age 65?!

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Re: Sisip ltd till 65 then what????

Post by bigrex on Tue 11 Dec 2012, 17:10

I knew that SISIP used to be for life, but I didn't realize that it was that late. This makes the realization that even more members of the class will be taken care of for life, while many will be left to suffer at the age of 65.
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Re: Sisip ltd till 65 then what????

Post by K9 on Tue 11 Dec 2012, 17:13

This is mainly why the new charter is so bad!
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