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Hi,
I am trying to understand this new pension for life,
To me, it kind of makes no sense.
I am at 100%, multiple conditions, hearing, PTSD, Knees, Back and odd enough IT Band.....
So I have received a full pay out as of 2017-07-06, So that is 12 months since, I have had some kind of disability with VAC since 2015. Since then It has been going up due to other impairments, slow and painful processing times, (considering they were all dumped in at once, I had to go to the review board twice, and two reassessments)
I have done the math, and to be honest, at my age, 36, I could invest and make a lot more in the end then they would give me per month. I currently work for a great company from home, so that is an exception and allows me to get by majority of my impairments.
1. Already received the max- For some resaon it shows 317000
2. Would of received (this is just from 100% in 2017-06) 14x1150 =16100 via th emonthly
3. 309000/576(amount of months estimated i live) = 536.00
4. 1150-536= 613 per month.
Ok so, lets say 610 a month or so.
I also read that the option is there for the lump sum still.
This is what I want. the 350k, I could put into my RRSP etc that most of the previous payouts went to, (That and house etc)
Or are we going to be stuck with the monthly amount, because that would be the scam right there. The 200 I have put in in the past two years, has already made me 25k plus as of January this year.
I still work, I have to, I have two small children and a wife.
I also receive CIA, 609 a month, as well, I haven't read anything about that being affected or rolled into some other scheme? Has anyone? Does this roll into the APSC? Seems that it might.
Any thoughts? or am I off here?
VAC called me and asked to set an appt in Oct with them to discuss whats happening. Any one else get this?
I am trying to understand this new pension for life,
To me, it kind of makes no sense.
I am at 100%, multiple conditions, hearing, PTSD, Knees, Back and odd enough IT Band.....
So I have received a full pay out as of 2017-07-06, So that is 12 months since, I have had some kind of disability with VAC since 2015. Since then It has been going up due to other impairments, slow and painful processing times, (considering they were all dumped in at once, I had to go to the review board twice, and two reassessments)
I have done the math, and to be honest, at my age, 36, I could invest and make a lot more in the end then they would give me per month. I currently work for a great company from home, so that is an exception and allows me to get by majority of my impairments.
1. Already received the max- For some resaon it shows 317000
2. Would of received (this is just from 100% in 2017-06) 14x1150 =16100 via th emonthly
3. 309000/576(amount of months estimated i live) = 536.00
4. 1150-536= 613 per month.
Ok so, lets say 610 a month or so.
I also read that the option is there for the lump sum still.
This is what I want. the 350k, I could put into my RRSP etc that most of the previous payouts went to, (That and house etc)
Or are we going to be stuck with the monthly amount, because that would be the scam right there. The 200 I have put in in the past two years, has already made me 25k plus as of January this year.
I still work, I have to, I have two small children and a wife.
I also receive CIA, 609 a month, as well, I haven't read anything about that being affected or rolled into some other scheme? Has anyone? Does this roll into the APSC? Seems that it might.
Any thoughts? or am I off here?
VAC called me and asked to set an appt in Oct with them to discuss whats happening. Any one else get this?