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QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

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Re: QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

Post by Teager on Wed 13 Jun 2018, 14:58

Others on FB have been pointing that out as well. It seems as they release these regulations they are going back on what they have said at Town Halls. At the bottom there's a note that says you can e-mail the with concerns or questions looks like it's time to do that but only have 30 days from date of publication.

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QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

Post by Rubicon on Wed 13 Jun 2018, 18:14

I recently heard that a Pension for Life Calculator will be appearing soon on the VAC webpage providing a "ballpark estimate" for eligible veterans. Has anyone else heard this news?

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Re: QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

Post by propat on Wed 13 Jun 2018, 20:17

bigrex well the wording isn't exactly clear but I don't read it that way . just the way I read it . your ELB,CIA and CIAS will be protected until they are equal to or less than your IRB calculations .

EG; your benefits today $200.00

IRB calcs ; $100.00

your $200.00 will be protected and indexed until such a time that they are equal to or less than the $100.00 IRB indexed .

or in better terminology your amount will be protected until such a time that current IRB calculations would lead to an equal or increased benefit .

obviously if all stays the same it will likely not happen to most but in this rapidly changing shell game of ABC benefits appearing , disappearing , increasing and decreasing ya never know what tomorrow will bring .

bottom line the way I see it I keep the amount I get today until it is equal to or less than the IRB amount then at that time I will get the IRB amount .

clear as mud???

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Re: QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

Post by bigrex on Wed 13 Jun 2018, 22:05

Personally, I do not see how it could ever be less. If you get EELB, which equals 90% of pre-release pay, (minimum of $3600) and CIAS which is $1120/mo, for a total of $4720, and both are guaranteed until age 65, or life, how could they ever be reduced below the IRB amount, since the IRB and ELB amounts are the same? So until someone at VAC, and not a politician, says that we will be able to collect full CIAS, and full IRB benefit, without them conflicting with each other, I will remain skeptical.
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Re: QUESTIONS AND ANSWERS - PENSION FOR LIFE UPDATE

Post by propat on Thu 14 Jun 2018, 07:49

ya you are correct about the EELB and CIAS not falling however IRB amounts surly can increase by more than just the indexing as I suspect they will during close election cycles . I do not see any bump ever to the CIAS ELB and CIA amounts ever again outside indexing .

still buds if IRB never increases then you still keep what you have so no biggie .

if it does increase to the point its more than what you are getting well you then get that higher amount again no biggie .

this part looks good ( but keep being sceptical as I will ) RIGHT NOW .

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