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Question about ELB (earning loss benefits) - offset

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Re: Question about ELB (earning loss benefits) - offset

Post by Teentitan on Wed 23 Oct 2013, 14:41

Correct.
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Re: Question about ELB (earning loss benefits) - offset

Post by cosmo12 on Wed 23 Oct 2013, 14:30

so to be sure, my CM will call me this week and my severance pay (I did cash out) will be in my bank account when she calculate my montly ELB it is not consider montly income to be offset. Thanks

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Re: Question about ELB (earning loss benefits) - offset

Post by Teentitan on Wed 23 Oct 2013, 13:53

No. Severance is a one off payment so it is not factored into your "yearly" income. ELB is 75% of your annual salary upon release.
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Question about ELB (earning loss benefits) - offset

Post by cosmo12 on Wed 23 Oct 2013, 12:37

Good day guys, quick one for you I just released from the CF and my CM told I will be eligible for ELB, Do my severance pay when I receive it will be offsetting my ELB - Do they calculte it as income. Thanks

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