Author Topic: Retro Pay & Allow 1Apr 2014 - 1Apr 2017  (Read 209470 times)

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Offline Tcm621

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Re: Pay Raise (2014 - 2016) & Back Pay
« Reply #350 on: June 02, 2017, 11:42:54 »
Here it is everybody
Thanks. Now hopefully some smart financial type can translate that for us. Looks pretty good though.

Offline MCG

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Re: Pay Raise (2014 - 2016) & Back Pay
« Reply #351 on: June 02, 2017, 11:54:43 »
Translated in a DWAN wide email:
Quote
To all members of the CAF,
 
We received the good news on 01 June 2017 that Treasury Board has approved pay and allowances increases as follows:                                                                                                                                                         
 
•   a pay increase of 1.25% for general service officers, pilots, medical and dental officers, and non-commissioned members for four fiscal  years beginning 01 Apr 14
•   an annual increase of 1.25% to the environmental and special allowances for four fiscal years beginning 01 Apr 14
•   an increase of 1.2% Military Factor component in rates of pay, effective 01 Apr 16.

The pay increase and military factor components are compounded from their effective dates, and combine to result in a 6.34% pay increase. The increase in the environmental and special allowances result in a 5.1% compounded increase for those who are entitled to them.
 
Non-Commissioned Members, General Service Officers and Pilots at the rank of Lieutenant-Colonel and Commander and below, and all Medical and Dental Officers are included. Additionally, former members who left the CAF after March 31, 2014 will also receive a retroactive payment and adjustments to their retirement benefits.
 
Members will be paid at these new rates along with a lump sum back-payment starting June 30, 2017.


Offline PMedMoe

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #352 on: June 02, 2017, 12:08:13 »
Would the retroactive part apply to those who have recently released?
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Offline Brihard

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #353 on: June 02, 2017, 12:11:27 »
Would the retroactive part apply to those who have recently released?

Yes it will, you'll get retro as it would apply to the day you released, and salary-dependent benefits/pension will see the bump.
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Offline mariomike

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #354 on: June 02, 2017, 12:15:25 »
Would the retroactive part apply to those who have recently released?

•Former members who left the CAF after March 31, 2014, will also receive a retroactive payment and adjustments to their retirement benefits.
https://www.canada.ca/en/department-national-defence/news/2017/06/canadian_armed_forcespayandallowanceincrease.html
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Offline PMedMoe

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #355 on: June 02, 2017, 12:24:00 »
Yes it will, you'll get retro as it would apply to the day you released, and salary-dependent benefits/pension will see the bump.

•Former members who left the CAF after March 31, 2014, will also receive a retroactive payment and adjustments to their retirement benefits.
https://www.canada.ca/en/department-national-defence/news/2017/06/canadian_armed_forcespayandallowanceincrease.html

Thanks! :)
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Offline mariomike

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #356 on: June 02, 2017, 12:31:46 »
Thanks! :)

You are welcome. I hope you are enjoying your retirement.  :)
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Offline CountDC

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Re: Retro Pay & Allow 1Apr 2014
« Reply #357 on: June 02, 2017, 14:19:36 »
By my estimate a Sgt (4) will get a lump sum of approx. $6.6k gross at end Jun and an overall increase of approx. $350 gross per month.  Guess that is better than nothing. [;)

edit of lump sum.  I forgot to include the accum amounts.
« Last Edit: June 02, 2017, 15:27:07 by CountDC »
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Offline jollyjacktar

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #358 on: June 02, 2017, 15:43:16 »
My math must be off.  I calculated half that amount.
I'm just like the CAF, I seem to have retention issues.

Offline Dolphin_Hunter

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #359 on: June 02, 2017, 16:26:34 »
My math must be off.  I calculated half that amount.

Myself as well.  I'm chimping out here with the math, I calculated around 4100.. 

The way I see it, it's better than a ball stompin.

Offline murrdawg

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Retroactive Pay Apr 2014-2017 Spreadsheet to calculate backpay
« Reply #360 on: June 02, 2017, 16:31:24 »
If anyone would like an excel spreadsheet to help calculate what their backpay will be, please send me a pm and I will forward the spreadsheet. I will need your email address in your pm.
« Last Edit: June 02, 2017, 16:54:54 by murrdawg »

Offline jollyjacktar

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #361 on: June 02, 2017, 16:55:18 »
Myself as well.  I'm chimping out here with the math, I calculated around 4100.. 

The way I see it, it's better than a ball stompin.

Revenue Canada has that in hand (my balls, that is) and are getting this to pay towards the taxes from the sea pay back pay.  Sigh...
I'm just like the CAF, I seem to have retention issues.

Offline Spectrum

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Re: Retroactive Pay Apr 2014-2017 Spreadsheet to calculate backpay
« Reply #362 on: June 02, 2017, 16:58:00 »
If anyone would like an excel spreadsheet to help calculate what their backpay will be, please send me a pm and I will forward the spreadsheet. I will need your email address in your pm.

Any chance you could upload it in this thread?

Offline murrdawg

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #363 on: June 02, 2017, 17:02:03 »
I've tried, but I can't attach an excel file here.

Offline dapaterson

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #364 on: June 02, 2017, 17:20:06 »
Could be the file is too big; it should accept xls and xlsx files.  Have you tried ZIPing it?
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Offline Chief Stoker

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #365 on: June 02, 2017, 17:37:22 »
Could be the file is too big; it should accept xls and xlsx files.  Have you tried ZIPing it?

Sea pay is going up as well, excellent.
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Offline murrdawg

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #366 on: June 02, 2017, 17:43:08 »
Could be the file is too big; it should accept xls and xlsx files.  Have you tried ZIPing it?

Ah! Missed it the first time

Offline SJBeaton

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #367 on: June 02, 2017, 18:15:26 »
Ah! Missed it the first time

I'm not confident this Excel chart is correct. Could someone confirm? Thanks!
« Last Edit: June 02, 2017, 18:22:41 by SJBeaton »

Offline Beadwindow 7

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #368 on: June 02, 2017, 18:25:59 »
I'm not confident this Excel chart is correct. When they say compounded, wouldn't that infer that the first year is multiplied by 1.25%, the next year is the new total from the first year x 1.25%, etc.? Could someone confirm? Thanks!

That's what I'm going off of.

Year 14/15= 1.25%
Year 15/16= 2.5%
Year 16/17= 3.75%+ 1.2%

Keeping mind that the 1.2% as of 2016 is not applied to allowances
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Offline SJBeaton

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #369 on: June 02, 2017, 18:39:59 »
That's what I'm going off of.

Year 14/15= 1.25%
Year 15/16= 2.5%
Year 16/17= 3.75%+ 1.2%

Keeping mind that the 1.2% as of 2016 is not applied to allowances

Roger that; thanks.

Offline murrdawg

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #370 on: June 02, 2017, 18:45:05 »
I even had a clerk in a pay office check it out, and it's accurate.

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #371 on: June 02, 2017, 21:03:01 »
I don't have the newer version of Office at home.  (Old/Old school?)

Anyhow, I took the xlsx, saved the format, and punched it out in xls format.

If anyone wants it, drop me a note.

Of note, Spec 1, PO1/CPO2, my guestimate is approximately a total of $8600, with me seeing $4700 after a 45% tax hit.  (45% is about what I saw come off my SDA backpay last month.)

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Offline SupersonicMax

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #372 on: June 02, 2017, 21:27:13 »
Quite a substantial pay raise and back pay...  7.5k after tax backpay and 8k a year extra.

Edited for typo!
« Last Edit: June 02, 2017, 22:09:22 by SupersonicMax »

Offline Spectrum

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #373 on: June 02, 2017, 21:31:46 »
8k a month extra?

Damn I really should have taken CEOTP pilot back in the day!


Offline SupersonicMax

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Re: Retro Pay & Allow 1Apr 2014 - 1Apr 2017
« Reply #374 on: June 02, 2017, 22:09:58 »
8k a month extra?

Damn I really should have taken CEOTP pilot back in the day!

Good pick up :D meant per year!  Edited