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Earnings Loss Benefit (ELB) Increase to 90%

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Mon 07 Mar 2016, 15:46

Excellent Teen , Thanks.

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by pinger on Mon 07 Mar 2016, 14:54

Your Johnny on the spot teen. That's a compliment, Tx.
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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Mon 07 Mar 2016, 14:52

Thanks Teen.

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About the Bump to 90%

Post by Teentitan on Mon 07 Mar 2016, 14:40

Just had a conversation with an old friend in the system and these are the 'points' for the increase

A memo to cabinet from VAC, for ELB, and from DND, for LTD, stating they are increaseing ELB/LTD from 75% to 90%. The memo will have amounts of vets and cost.

The trick is to get both VAC and DND harmonized to do it together.

Both of these changes can be announced at the budget but it might take some time after the budget to get them both done at the same time so a date in the future (a couple of months) might be the caveat for when the jump to 90% begins.

Also it seems VAC is being very tight lipped about this budget. Information right now is very hard to get so it's going to be a tight ride to the 22nd of March.
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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by 1993firebird on Thu 03 Mar 2016, 12:28

15% THIS.

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by pinger on Thu 03 Mar 2016, 12:23

15% is 15% is 15%. Think about it and do a little bit GoC math without pulling your hair out if you got any left.

3 steps ahead is SOP in that book.

Pray tell what hits the fan trooper has the right flavour for us
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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Thu 03 Mar 2016, 12:12

I agree with propat...if they bump up the ELB an not LTD...something is going to hit the fan.

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Thu 03 Mar 2016, 09:21

well buds no they wouldn't HAVE TO but they have kept them equal so far when changes have occurred and I have seen no indication they would not do so this time as well.

if they don't im thinkin there would be a big crap storm .

propat

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by czerv on Thu 03 Mar 2016, 09:09

ELB increase to 90% (if); does it mean that they would have to increase also SISIP LTD?

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Dannypaj on Thu 03 Mar 2016, 08:59

Is there anybody else on here who is receiving the ELB alone without any other Veteran benefits?

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Wed 02 Mar 2016, 22:03

lol I wouldt do that bigrex but a really fun idea though . maybe I will do it but when the time comes just tell him to forget it . thanks buds .

propat

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by bigrex on Wed 02 Mar 2016, 21:54

Yes, it can be confusing, since most people automatically think that an increase of a certain percentage is based on the base amount, much like how COLA is calculated. In this case, they think the base amount is the current ELB benefit, instead of their pre-release salary. Propat, you should tell your friend that if he is so certain that you're wrong, make him a bet. if you're wrong, you will pay him an extra out of your ELB increase, and if he is wrong, then he pays you the difference between what he believes he will get, and what actually gets' paid out. I'm sure he will come around.

Basically, your gross ELB benefit is increasing. So if your current gross 75% mark is $4000, but you have $2500 deducted for other income, and leaving $1500 before taxes, hopefully this Spring, the 90% mark would be $4800, minus the same $2500, leaving $2300/month before taxes.
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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Wed 02 Mar 2016, 21:19

ya it looks like 15% it smells like 15% and it tastes like 15% BUT MANNNN IT SURE AINT 15% LMAO.

propat

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Wed 02 Mar 2016, 21:16

k got ya buds good stuff.

propat

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Re: Earnings Loss Benefit (ELB) Increase to 90%

Post by Guest on Wed 02 Mar 2016, 21:15

its really best to stay away the 15% thing as much as possible as it does seem to cloud the issue a bit.

propat

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