I'm not sure how you came up with the numbers below. I started receiving my top up yesterday. Looks like it's back dated to October 1st. On my VAC account online its listed as TEMPORARY INCOME LOSS benefit
I was medically released 12 months ago. My release salary was 62,232 MCpl pay
Looks like I'm getting $470 a month after tax of which only $32 is being held back.
I'm greatful to receive the amount and my intent is not to complain - but I'm just curious as to how this amounts to a 15% top up - it looks more like 10%. There is no reference on my online account and I have no letter from VAC yet to explain this to me... so I'm just super curious on how they arrived at this calculation and what others are receiving. Since I'm a recent release - there is no indexing involved... I figure this might be an easier example to explain.
Any insight would be nice
Well exemple April 2017 assessed at 15% =$54000 let's say you got your desability payment in 2013. Look at the CPI for
2016= 1.3 so 54000 X 1.3 $702
2015= 1.1x 54000 = $574
2014 = 2.0x 54000 = $1080
2013 = .9 X 54000= $486
Add all the result $2842
Now $54000- $2842 = $51158
So $51158 - whatever you received then 15% in 2013 was $44788 so $51158 -44788= $6370 vice if they would have taken 2017 rate minus 2013 rates then it would have been $9212. Hope it make sense.