Canadian Soldiers Assistance Team (CSAT) Forum

SISIP COLA RETRO (Assorted Topics)

Page 5 of 61 Previous  1, 2, 3, 4, 5, 6 ... 33 ... 61  Next

View previous topic View next topic Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Recon031 on Fri 17 Apr 2015, 23:07

Hey Rucksack 031 ,

Congrats my friend ..... enjoy the warm air & safe return , hoping to link up with you & RR RobbieRoyal one day when the timing is right near Kingston maybe .

For Country
Retired Army MasterSniper
Dave Fitzpatrick
Family of ........7......... Get r' Done Bye's !
avatar
Recon031
CSAT Member

Number of posts : 243
Location : Eastern Ontario
Registration date : 2013-07-19

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by rucksack031 on Fri 17 Apr 2015, 22:19

Just to let those on this site know, my son called me tonight and my COLA cheque had arrived. Now with that being said I don't give out numbers, but it is what I expected nothing more nothing less. Further to what I posted the other day I had no adjustments and it arrived, so there is still the possibility others will also. OH almost forgot RECON your numbers were bang on brother thanks. location of delivery Ontario.
avatar
rucksack031
CSAT Member

Number of posts : 257
Location : Ontario
Registration date : 2012-11-21

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by 321HTRCN on Fri 17 Apr 2015, 21:45

Yes I did get adjustment from Sisip

321HTRCN
CSAT Member

Number of posts : 36
Location : Edmonton, Ab
Registration date : 2012-12-05

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Fri 17 Apr 2015, 19:26

sounds about right . congrats 321.

propat

Guest
Guest


Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Fri 17 Apr 2015, 19:19

Congrats there 321, I would be happy with 5k.

Can you remember if you received an adjustment in the past 30 days from SISIP ?

Guest
Guest


Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by 321HTRCN on Fri 17 Apr 2015, 18:49

Med release 2006, LTD, CPPD, VAC 102%, Pia & Supplement, edmonton, Cola today 5K

321HTRCN
CSAT Member

Number of posts : 36
Location : Edmonton, Ab
Registration date : 2012-12-05

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Fri 17 Apr 2015, 16:48

Due Drop B M,

I do believe more individuals from the West will receive theirs next Week, I also read that you received an adjustment last Month so I would think that next Week you should receive yours, I am hoping that you will indeed receive it.

Also because of the long Weekend, they are just a bit behind on the mail out, all out, but still actively going through the mail system.

Guest
Guest


Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by snrnavcom on Fri 17 Apr 2015, 13:09

So, there hasn't been anyone get the COLA without getting an adjustment from Manuallifeless...

snrnavcom
CSAT Member

Number of posts : 60
Location : ontario
Registration date : 2012-07-08

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by georges on Fri 17 Apr 2015, 09:40

Over&out best site to do somme ranting but yes rong feed

georges
CSAT Member

Number of posts : 67
Location : Quebec
Registration date : 2015-02-24

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by snrnavcom on Fri 17 Apr 2015, 07:52

Congrats to all those who received their COLA, and many thanks for sharing. It gives the rest an insight...cheers

snrnavcom
CSAT Member

Number of posts : 60
Location : ontario
Registration date : 2012-07-08

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by LTD4me on Thu 16 Apr 2015, 21:40

The Defendant shall calculate for each member of the Class an amount known
as the “Principal Refund” to be calculated according to the following formula:

74% multiplied by (y + z)

Where:

y = the difference for the Class Member from
December 1, 1999 to the date of this Order between:

(i) the application of the Cost of
Living Allowance from the date
the benefit commenced on the
gross long term disability benefit;
and

(ii) the application of the Cost of
Living Allowance from the date
the benefit commenced on the
net long term disability benefit.

y only pertains to Class Members released on or after
December 1, 1999;

z = the difference for the Class Member from January
1, 1971 to the date of this Order between:

(i) applying the cumulative increase
in the Cost of Living Allowance
(capped at a maximum increase
in benefits of 2% per year) from
the date the benefit commenced
on the gross or net2
long term
disability benefit; and

(ii) applying the increase in the Cost
of Living Allowance only in the
most recent year (capped at a
maximum increase of 2% per
year) on the gross or net
long term disability benefit and
taking into account any ad hoc indexing
declared between 1980 and 1992
on the net long term disability
benefit.

If, for any individual Class Member, (i) less (ii) is less
than 0, the value shall be deemed to be equal to 0.

LTD4me
CSAT Member

Number of posts : 270
Location : Atlantic Canada
Registration date : 2012-10-09

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Guest on Thu 16 Apr 2015, 21:36

nav they should have already paid you your COLA for the PA pension part with the initial retro payment so its not really a factor.

just use the deductions post lawsuit settlement and you will be alright.

propat

Guest
Guest


Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by LTD4me on Thu 16 Apr 2015, 21:32

Here is "some" of the actual calculation according to the court docs

The Defendant shall calculate for each member of the Class an amount known
as the “Principal Refund” to be calculated according to the following formula:
74% multiplied by (y + z)
Where:
y = the difference for the Class Member from
December 1, 1999 to the date of this Order between:
(i) the application of the Cost of
Living Allowance from the date
the benefit commenced on the
gross long term disability benefit;
and
(ii) the application of the Cost of
Living Allowance from the date
the benefit commenced on the
net long term disability benefit.
y only pertains to Class Members released on or after
December 1, 1999;
z = the difference for the Class Member from January
1, 1971 to the date of this Order between:
(i) applying the cumulative increase
in the Cost of Living Allowance
(capped at a maximum increase
in benefits of 2% per year) from
the date the benefit commenced
on the gross or net2
long term
disability benefit; and
(ii) applying the increase in the Cost
of Living Allowance only in the
most recent year (capped at a
maximum increase of 2% per
year) on the gross or net1
long
term disability benefit and taking
into account any ad hoc indexing
declared between 1980 and 1992
on the net long term disability
benefit.
If, for any individual Class Member, (i) less (ii) is less
than 0, the value shall be deemed to be equal to 0.
7. From the date of this Order forward:
a. the Cost of Living Allowance provisions shall continue to be
calculated on the net long term disability benefit and only
applied to the most recent year (capped at a maximum increase
of 2% per year);
b. the minimum salary, for the purpose of setting the initial benefit,
will continue to be calculated based on the minimum salary as
at the date of the class member’s release; and
c. the rehabilitation offset will continue to be calculated for regular
members on the monthly salary at release without application of
COLA increases.
8. The Defendant, through The Manufacturers Life Insurance Company (“Manulife
Financial”), will pay McInnes Cooper in trust the sum of the following for each
Class Member (collectively referred to as the “Administrative Correction”):
a. the amount that would have been paid to each Class Member
had the Cost of Living Allowance increases been rounded up to
the nearest .25% in 2002, 2004 and 2007, less the amount
actually paid to the date of this Order;
b. the amount that would have been paid to each class member
had the Cost of Living Allowance been calculated on a 12 month
average period ending on September 30, less the amount
actually paid to the date of this Order;
c. the amount that would have been paid to each Class Member
had there not been Cost of Living Allowance overpayments and
subsequent underpayments, less the amount actually paid to
the date of this Order.
For Class Members who continue to be in receipt of LTD benefits, their benefits
shall be adjusted on a go forward basis to reflect the corrected amount related to
the Administrative Correction.
9. Interest paid on the Principal Refund and Administrative Correction shall be
simple interest calculated as follows:
a. 6% annually from February 1, 1992 to December 31, 1995;
b. 5% annually from January 1, 1996 to December 31, 2008;
c. 3% annually from January 1, 2009 to the date the amount is
paid to McInnes Cooper in Trust;
(collectively, the “Interest Amount.”)
10. Collectively, the Principal Refund, Administrative Correction, and the Interest
Amount shall be referred to as the “COLA Refund.” If the Administrative
Correction is negative, it can be used to reduce the COLA Refund otherwise
payable, but in no event shall an amount be left owing from the Class Member to
the Defendant arising from the Administrative Correction.
11. The COLA Refund payable to any Class Member shall be reduced by any
amount owing by the Class Member to Manulife Financial (the “Overpayment
Recovery.”)
12. The Defendant, through Manulife Financial, shall remit to McInnes Cooper in
Trust the COLA Refund payable to each Class Member, less any statutorily
required withholding tax (the “Withholding”) and less any Overpayment
Recovery.







LTD4me
CSAT Member

Number of posts : 270
Location : Atlantic Canada
Registration date : 2012-10-09

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Wolfie on Thu 16 Apr 2015, 20:11

Cofferfit Husband has Veterans Pension, Military Pension and LTD...but only got a percentage disabilty

Wolfie
CSAT Member

Number of posts : 2
Location : Toronto
Registration date : 2015-04-15

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by devans156 on Thu 16 Apr 2015, 19:09

Yes that is the same number. Thanks trooper

devans156
CSAT Member

Number of posts : 48
Location : Niagara Falls, Ont
Registration date : 2008-09-18

Back to top Go down

Re: SISIP COLA RETRO (Assorted Topics)

Post by Sponsored content


Sponsored content


Back to top Go down

Page 5 of 61 Previous  1, 2, 3, 4, 5, 6 ... 33 ... 61  Next

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum