Retirement Income Security Benefit (RISB)

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Re: Retirement Income Security Benefit (RISB)

Post by pinger on Mon 09 Mar 2015, 20:34

Teen, from your list of :

" ELB
EELB
PIA
PIAS
CFIS

Five benefits/allowances for severly disabled. What he wants VAC to do is this to get rid of the confusion is take all of these and make it ONE name. "


Let me get this straight. Those 5 benefits are taken into account for post 65 year 70% risb calculations? 70% of income received from VAC? And prior old PA pensions are not because there not taxed and are for life? Too much alphabet soup.
Thanks in advance Teen.

Frankly, I see a LOT of loopholes for the GoC in this, bearing in mind this whole proposal ain't carved in granite. I wonder what we will see in one year from now.... pinger
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Re: Retirement Income Security Benefit (RISB)

Post by Guest on Mon 09 Mar 2015, 20:43

that's how im reading it too pinger witch makes this total crap!!!!

but with the example they gave teen they left the PIA and supplement at 100% and gave 70% for ELB . that would make this a good half measure that would help a few folks . and with the minimum would give a huge increase to young disabled afgan vets at 65 if only they could survive that long . they would be able to afford both rent and food.

propat

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Re: Retirement Income Security Benefit (RISB)

Post by BinRat on Mon 09 Mar 2015, 21:06

Ya, cause they need to be 67 for OAS or GIS..
Unless they were born 1957 or earlier.. Then its 65

The Government of Canada, in Budget 2012, announced three changes: The age of eligibility for Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) will gradually increase from 65 to 67 over six years, starting in April 2023

From that I don't qualify for them till I turn 67

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Re: Retirement Income Security Benefit (RISB)

Post by teentitan on Mon 09 Mar 2015, 22:01

Propat thanks for posting the info from the VAC site because that is the example they gave us today. I looked earlier but it wasn't there...guess they will listen if you bitch enough for them to update the news more regularly. LOL

So yes they said they want to take all of the benefits and make it into one. Maybe what the gent was trying to say benefits one name...allowances for life another name.

The next month is going to be really interesting folks because there is a whole series of changes/improvements coming down the pipe from VAC.

Call it politics...call it not flooding too much info out...either way changes are coming and bills will be tabled, budgets will be read and voted on...let's look at it this way...

It's about feckn' time the GoC is starting to treat the NVC as it was sold to us as...A LIVING CHARTER that will be corrected.

As for the lawsuit who knows what will happen but let's take today and enjoy it.

If...sorry...When this passes NVC severly disabled veterans financial futures will greatly improve and isn't this what we have all been bitching about?

I know propat END THE BUYOUT NOW but let's leave that one for the lawsuit to fight because vets are going to be paid better.
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Re: Retirement Income Security Benefit (RISB)

Post by bigrex on Mon 09 Mar 2015, 22:06

The most one can get is three of those benefits, not 5. EELB is the same as ELB, except it is extended to age 65. It's not two separate benefits. And CFIS can only be collected after you are no longer eligible for ELB. You cannot collect ELB and CFIS at the same time.

So if the example they gave is correct, and you will still get 100% of your PIA and PIA supp, and 70% of ELB, then why not just say that they will pay 70% of your ELB amount at 65, instead of saying that they will look all your benefits and other sources of income?

ELB $2500 (after deductions)
PIA $584
PIA(s) $1074

If they are lumped together when calculating RSIB = $2910/month gross
If they only reduce ELB amount by 30% = $3408/month gross

That is a difference of $500/month or $6000 annually. That is a big difference, so they had better clarify exactly just how these benefits are supposed to be calculated.
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Re: Retirement Income Security Benefit (RISB)

Post by teentitan on Mon 09 Mar 2015, 22:19

Well like they said today this is the proposed bill and they will take all the questions/concerns raised today and then write the Bill. O'Toole said he will continue to work with the OVO to get it right.

One other thing to bring up this is the first time any VAC Minister held a conference call with vet orgs after the presser. There was lot's of you missed this, what about this situation so at the end I encouraged them to keep doing this procedure.

If O'Toole was honest about the new "veteran-centric" approach this could be the start of transparency and keeping veterans, all veterans, informed.

I know it's hard to not be suspicious but we need to try and give this a chance so maybe we should all consider giving them the benefit of the doubt...for awhile at least.
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Re: Retirement Income Security Benefit (RISB)

Post by bigrex on Mon 09 Mar 2015, 22:32

"ELB, EELB, PIA, PIAS, CFIS and merge them into one payment."

They are already merged into a single payment. I know that I get two deposits every month. One for the money under the PA, and one for EELB, PIA and PIA supp. They are also lumped together on a single T4, and listed as financial benefits.
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Re: Retirement Income Security Benefit (RISB)

Post by teentitan on Mon 09 Mar 2015, 22:58

Yeah can't argue that but how many applications did you have to fill out Rex? That's why they want to merge it. One application, medical reports decision. Condition, situation gets worse call VAC tell them they reassess and give more.

Their object is to decrease applications, paperwork and make the process less frustrating, complicated for the vet.

I know weird but time will tell????
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Re: Retirement Income Security Benefit (RISB)

Post by Guest on Mon 09 Mar 2015, 23:05

well teen im still suspicious because everything I keep reading says 70% of dva benefit's not 100% of them and 70% of ELB witch means the example they gave you was BS and you can refer to the calculations I posted on the locked thread to see just how fracked this benefit is .

im guessing since they are saying two completely different things at the same time we will not know for sure till we see the legislation .

trust me when it comes out ill be reading it so I will know exactly what it says and exactly how the math will work.

propat

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Re: Retirement Income Security Benefit (RISB)

Post by nemo on Tue 10 Mar 2015, 01:58

still sucks if u get sisip ltd and and a regular vac pension. sisip will end at 65 and u wont be eligible for this. i paid into sisip and it was supposed to be for life. but around 95 or so they changed it to 65 so if u got sisip before they changed, u were good for life.the rest of us get cut off at 65 and i don't get elb or anything like that. i get a monthly vac pension tho. but from what i understand, this change will not apply to me.

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Re: Retirement Income Security Benefit (RISB)

Post by Dannypaj on Tue 10 Mar 2015, 07:02

Earnings Loss Benefit

This income replacement provides 75% of your gross pre-release military salary while you are participating in Rehabilitation services. This ensures a pre-tax income of at least $42,426 per year (with the exception of some reservists).
I am under the impression that the ELB I am receiving will end when I am out of the rehab program and competed school. I will be graduating soon and transitioning into another career. My only worry is that I will end up in a minimum wage job again, with no chance of earning a pension (I worked for the Commissionaires for 9 years after my medical release). I am little confused about the ELB! Rex I will do coffee.
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Re: Retirement Income Security Benefit (RISB)

Post by RobbieRoyal on Tue 10 Mar 2015, 07:14

PRO PAT No disrespect brother but lard thundering lamp lightin sweet Marry and Joseph bye you'd frack up the lords prayer so don't read out loud you crazy bugger. (ref: getting a hold of the MVA legislation)


Last edited by RobbieRoyal on Tue 10 Mar 2015, 07:22; edited 1 time in total
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Re: Retirement Income Security Benefit (RISB)

Post by RobbieRoyal on Tue 10 Mar 2015, 07:16

Thanks Ron I figured since things potentially could change that the definition of certain labels and names may change also, I knew you'd sort me out brother, amen for that.
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Re: Retirement Income Security Benefit (RISB)

Post by RobbieRoyal on Tue 10 Mar 2015, 07:21

hey Dannypaj if memory serves me correct, once you have been accepted and you engage in the rehab program and go to work doesn't mean VAC or Manulife has forgotten you. You could potentially go back to work but due to your pensioned conditions can't keep going or you suffer a set back that disables your chance of successful employment you are allowed to revisit the process once more. The whole idea of rehab is to get you back on your feet some are successful others are not.Always ask the what ifs with your case manager, and ask about keeping your file open
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Re: Retirement Income Security Benefit (RISB)

Post by Guest on Tue 10 Mar 2015, 08:02

Robbie I AINT FRACKED this up yet outside of the example they gave teen they keep saying IN THEIR WORDS its 70% of vets benefits . so until I see them say its 100% of benefits and 70% of ELB this thing is just a load of crap . until then I will read out loud think out loud and be peed off out loud until they clarify this unholy mess in a proper press release or the actual legislation . I will also stand by the examples I put out on the locked down thread until they do so.

buds im not ruling out the fact that the guy that gave the example to teen cant add 2+2 .

every statement , press release and the info on the DVA website says exactly 100% of benefits even the example they posted that they gave to teen . except when they gave it to teen they did the math to make it look like 100% of benefits except ELB witch is at 70% .

so either EVERY FRACKING statement THEY MADE is wrong or when they gave that example to teen they managed to fracked up the simplest of math equations .

guess we will find out when they correct their statements to say its NOT 70% of benefits but just 70% of ELB . or when the legislation gets published .

until then I can only take them at their written word as published on the GOC websites .

in witch case this thing is fracked.

but you can believe what you will buds .

the first time I see anything they publish that says different then what they have already said I WILL post it immediately . ya see I aint trying to prove any points I just want the truth.

propat


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