SISIP COLA RETRO (Assorted Topics)

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Re: SISIP COLA RETRO (Assorted Topics)

Post by K9 on Tue 29 Apr 2014, 19:28

Called someone of the Firm who said she would ask M. Wallace for answers!
So waiting, I will share the results here.
.....
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Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Tue 29 Apr 2014, 19:38

Well one thing is for certain, if it is court approved we will be getting a little extra cash.

I think I will bypass the amount given to me when filling my taxes in the year that I receive it.
This will be and error on my part, I think I am entitled to that.

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Re: SISIP COLA RETRO (Assorted Topics)

Post by RobbieRoyal on Tue 29 Apr 2014, 19:41

I am not surprised at all after all another useless tidbit that needs a clerk to translate and even after that I am expecting an oops.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Tue 29 Apr 2014, 19:42

It means that 10 people will not receive any extra cash.

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Re: SISIP COLA RETRO (Assorted Topics)

Post by RobbieRoyal on Tue 29 Apr 2014, 19:48

If someone told me, it means that while SIISP was taking "hypothetically" 0.9 % off our gross retro when in fact should have taken that Cost of Living Adjustment from the net amount and that MC has found out and want to recoup that cost for us and a little for them then I would understand it, however I know it to be even more involved than that, just saying this is a language I understand lol. "HYPOTHETICALLY TROOPS" I need no bigger arse lol.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Tue 29 Apr 2014, 19:52

Digger's, It means that if more than 10 people opt out, the current proposal order will not stand, and a new proposal will be negotiated.



I think !!!

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Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Tue 29 Apr 2014, 19:56

The Court will vacate
this order if more than 10 Class Members have opted out
by the conclusion of the Opt Out Period and the Defendant elects in her sole
discretion to end the Agreement. The Defendant shall give written notice of her
election to the Court and Class Counsel
no later than 5 days after the expiration
of the Opt Out Period. If this Order is vacated, the parties shall be returned to the
position they would have been in had this Order not been issued.

"The parties shall be returned to the
position they would have been in had this Order not been issued".

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Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Tue 29 Apr 2014, 20:09

If this is what happens, the words ( DRAG-ON ) comes to mind.

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Re: SISIP COLA RETRO (Assorted Topics)

Post by Teentitan on Tue 29 Apr 2014, 20:19

I think we can expect 1% of your retro payment???

Don't take this as solid intel call it a shot in the dark.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by Teentitan on Tue 29 Apr 2014, 20:29

Yeah. From what I read it seems we were only getting 74% of our LTD instead of 75%. So I'm just "guessing" that we each get 1% of our retro.

Less legal fees ofcourse.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by bigrex on Tue 29 Apr 2014, 21:09

I thought this whole thing was because they found out SISIP was only calculating the COLA based on the after deduction amounts, instead of the 75% amount. Meaning that if your SISIP benefit was $3000/month, but your PA pension, and CF pension equaled $2900, the COLA was only applied to the remaining $100, instead of the full $3000, as per the what was stated in the actual policy.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by puddleduk2 on Tue 29 Apr 2014, 21:30

Only those new members added to the class action have the right to opt out by what I read in the proposed settlement,

 I am under the understanding that the majority of members here are already in the class and may not opt out at this point.

 I am not on the Facebook site, so cannot comprehend any previous member of the class action that can impact it at this point.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by bigrex on Tue 29 Apr 2014, 22:10

Puddleduk2, that actually makes sense. I know during the initial lawsuit, every time the scope of the lawsuit increased, the new class members had to be given the opportunity to opt out. So since this decision would basically increase the scope of the class to everyone who had any sort of other "income" deduction from their SISIP benefit, since it's inception, they all have to be granted the same rights to opt out.

As far as Facebook is concerned, there was some bad blood between the two sites during the lawsuit, that has obviously continued in the minds of some of their posters. Because they often did not show respect to other Veterans with differing personal views, is one of the reasons that I stopped visiting their page.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by Teentitan on Tue 29 Apr 2014, 23:18

Good question Rex...maybe we should ask the law firm if they could use their "blue collar" words to the class.
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Re: SISIP COLA RETRO (Assorted Topics)

Post by K9 on Wed 30 Apr 2014, 10:08

Hello all, here is what I got from the law firm, it is in french but if noone translated it when I get back home later this afternoon from the H. I will translate it, the paragraphes in reference are the same as in the letter.
Pour faire suite à notre conversation téléphonique d’hier, j’ai consulté l’avocat au dossier, Maître Dan Wallace, pour obtenir des explications concernant l’Avis préliminaire. Voici un compte-rendu des paragraphes suivants de l’Avis:

1. Les rajustements au coût de la vie ont été appliqués à chaque année, excepté pour les années 2002, 2004 et 2007.

2. Tous les membres recevront 74% du montant qui leur est dû pour les années mentionnées au paragraphe 1.

3. Ce paragraphe s’applique aux membres qui ont reçu des paiements en trop et qui ont dû rembourser ces trop-perçus, ce qui ne semble pas s’appliquer à votre cas.

4. Je ne crois pas que vous nécessitiez d’information sur ce paragraphe qui est assez clair.

5. La police d’assurances du RARM a changé à partir du 1er décembre 1999.
Exemple de calcul pour les membres libérés le 1er décembre 1999 ou après :
Ex : Salaire mensuel x 74% de votre salaire = $___ x rajustement du coût de la vie en 2002, 2004 et 2007
Exemple de calcul pour les membres libérés avant le 1er décembre 1999 :
Ex : Salaire mensuel moins montants reçus de Régimes de pension du Canada moins revenus d’emploi ou autres programmes x 74% de votre salaire = $__ x rajustement du coût de la vie en 2002, 2004 et 2007.

6. Les années concernant les pourcentages d’intérêts correspondent à la date à la quelle vous auriez commencé à recevoir des prestations d’invalidité à long terme. On m’informe que le RARM n’est pas tenu de payer des intérêts pour les années précédant le 1er février 1992.

Nous espérons que ces informations répondent à vos questions.
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