feds-to-announce-pension-hike-for-vets

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Re: feds-to-announce-pension-hike-for-vets

Post by Guest on Mon 09 Mar 2015, 13:49

not the way I read it nav buds you get 70% of all your benefits combined before 65 you loose SISIP and then they will subtract your OAS. its nothing!!!!!

propat

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Re: feds-to-announce-pension-hike-for-vets

Post by Guest on Mon 09 Mar 2015, 14:04

Apparently more changes are coming, and coming soon.

According to Mr.O'toole The proposed new benefit — which would close that “major gap,” in O’Toole’s words — is one of a series of steps the Conservatives plan to take during the next month to help repair their frayed relationship with the veterans community.

So more changes within the next Month - keep your eyes open for this.

With respect to this latest announcement, I think we would have a better understanding of the benefit, once the fine print is revealed

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Re: feds-to-announce-pension-hike-for-vets

Post by Guest on Mon 09 Mar 2015, 14:07

im really peed off so maybe im reading this wrong ??? maybe my math is off ????

THIS IS FRACKED!!!!

propat

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Re: feds-to-announce-pension-hike-for-vets

Post by Guest on Mon 09 Mar 2015, 14:30

so if you get 4000 in benefits at 65 1000 of witch is SISIP/ELB they will make sure you get 70% of 4000 witch is 2800 . after losing the SISIP amount you are already getting 3000 .

so they pay you nothing!!!!

so if you get 6000 in benefits at 65 1500 of witch is SISIP/ELB they will make sure you get 70% of 6000 witch is 4200 . after losing the SISIP amount you are already getting 4500.

so they pay you nothing!!!!

so if you get 8000 in benefits at 65 2000 of witch is SISIP/ELB they will make sure you get 70% of 8000 witch is 5600 . after losing the SISIP amount you are already getting 6000.

so you get nothing!!!!!

if you can come up with a reasonable situation where they will pay you something keep in mind the will deduct your OAS witch is varied but I will throw out the maximum monthly payment regardless of marital status amount for an example you can use to deduct from your situation .

its $563.74

DO THE MATH !!!!!

if they eliminate the SRB because of this I WILL LOOSE MONEY!!!!!

theses guys are evil but I didn't think that evil.

I gota be reading this wrong or my math is wrong or both .

someone PLEASSSSS tell me im wrong PLEASSSS .

BIGREX !!! ANYONE!!!!!

propat

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Re: feds-to-announce-pension-hike-for-vets

Post by Guest on Mon 09 Mar 2015, 15:00

forgot an example for the guys on the NVC only .

say 3000 prior to 65 1500 PIA and supplement and 1500 elb. they will make sure you get 70% of the 3000 witch would be 2100. after loosing the ELB you are getting 1500 so your benefit from there would be 600 now subtract the OAS say $563.74 (keep in mind if you have a spouse this max OAS would be higher) your total benefit from this program will be $36.26 !!!!

pleas tell me im wrong on this anyone BULAR!!!!

propat

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Re: feds-to-announce-pension-hike-for-vets

Post by bigrex on Mon 09 Mar 2015, 15:12

The way I read it, will be that they look at everything you are getting before age 65, and then give you 70% of that. So the more benefits you receive, other than ELB, that they include in the calculations, the more it reduces the new benefit. possibly even zero out the new benefit, if they include the PA pensions.

Example 1

2000 ELB
1600 PIA and supp
1500 CFSA
2000 PA pension
800 CPP(D)
= $7900 Gross
- 30%
= $5530 Guaranteed post 65 income.
-1600 PIA and supp
-1500 CFSA
-2000 PA pension
-800 CPP
= -$370 - zero benefit from the new program

So lets look if they exclude the PA pension

Example #2

2000 ELB
1600 PIA and supp
1500 CFSA
800 CPP(D)
= $5900 Gross
- 30%
= $4130 Guaranteed post 65 income.
-1600 PIA and supp
-1500 CFSA
-800 CPP
= $230. that is almost a drop of $1800/mo

Example #3 (same deductions as ELB)

2000 ELB
1500 CFSA
800 CPP(D)
= $4300 Gross
- 30%
= $3010 Guaranteed post 65 income.
-1600 PIA and supp
-1500 CFSA
-800 CPP
= $890. That is a drop of $1100/mo.

Somehow I do not think that this is what was intended as continued support for those after age 65, when they made the recommendations.
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