CANFORGEN on Pay and PIL
- Thread starter Pusser
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ARMY_101 said:
Yup, but you're not the CoC, and most troops don't spend time here.
Believe me, your updates are appreciated, even if most of us probably don't think to say thanks for the info. But at the same time, this information should all be coming clearly, forthrightly, and through proper channels so that all the troops are receiving the same messaging.
There will be MANY troops who have random issues delaying their payout beyond simply being in the queue. However I'd contend that exceptionally few of those issues will be of such a nature that there oughtn't be *policy* uncertainties at play that would preclude quick, accurate answers to 'will this or that service count?'
Me, I'm all for 'shut up, leave them alone, let them process applications', however I accept that I'm probably in the patient minority...
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Sooooooooooo, I heard if you wait to take it all, with or without a tax deferral, upon retirement, it is guaranteed to be in your hand within six weeks.
That's the rumour I want clarification on.
That's the rumour I want clarification on.
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recceguy said:
Is it possible to receive it that quickly? Yes. Would it actually happen that quickly? Probably not. The timeline for payout on retirement is dependant upon how many files the Release Section in Ottawa (DMCA) is working on at any given time. They usually try and shoot for 8-12 weeks which I believe is their "optimal" target but I have seen it go as long as 6 months or more in some instances.
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DAA said:
http://www.cmp-cpm.forces.gc.ca/dgcb-dgras/ps/sg-ig/sg-ig/pi-as-eng.asp
Points 6,7,8
Also processsing timelines can be found http://admfincs.mil.ca/rppo-brpl/intro_e.asp?sel=rppo-brpl But it's an intranet site.
I don't know about your ORs but ours attached a printout of the Q&A irt PIL to our election forms so everyone has a reference.
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pross182 said:
And your source for this info is?
There is no Severance. You have three choices for you PIL; one of which is to collect it on RELEASE.
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George Wallace said:
No, PiL stands for "Payment in lieu of severance". If taken at release, it's severance, not PiL. Still gets audited, though.
It is an important distinction: there are certain tax provisions for severance payments that do not apply to a payment in lieu. For me, the key consideration is that for severance an individual may transfer up to $2000 per year or partial worked in 1995 or before into RRSPs, above and beyond the RRSP contribution limit.
Thus, by taking a portion as severance, I will be able to defer taxes on that amount, and likely draw it our slowly, over time, once my income has been reduced, so my marginal tax rate will be less, and any growth will be shielded from tax until withdrawn. Taking it immediately would have had it taxed at my marginal rate, and I really wasn't in the mood to see 40%+ disappear.
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Thanks for the clarification.....Wish that this whole matter was clearly presented to us so we wouldn't be doing all this now....If I wanted to be an accountant, I wouldn't have joined.
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There we go. That's exactly what I hoping for. People are talking about what's really on their minds.
Thank-you George, DAA, Brihard, Army101, etc.
As George so aptly put it, "Wish that this whole matter was clearly presented to us so we wouldn't be doing all this now....If I wanted to be an accountant, I wouldn't have joined."
There's little doubt in my mind that there are still tonnes of questions out there.
Thank-you George, DAA, Brihard, Army101, etc.
As George so aptly put it, "Wish that this whole matter was clearly presented to us so we wouldn't be doing all this now....If I wanted to be an accountant, I wouldn't have joined."
There's little doubt in my mind that there are still tonnes of questions out there.
J
jollyjacktar
Guest
I, and the rest of the 50%ers here on board will be seeing the money on the end month pay. And holy crap did they ever take a arm and a leg for tax etc. The good news is that it maxes out the CPP & EI contributions now instead of the fall so I'll see a bit more money each pay in that respect.
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I dont know if it's of any value to anyone but last week in the NCR we received an email stating that only 3148 PIL applications were received in the NCR out of a possible 15,000. That number is much lower than I think anyone was expecting. I'm thinking the payments will happen much faster than expected, that being said i'm not expecting it in any time frame and will be pleasantly suprised one payday 
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Why a max of 15,000 and what is NCR?
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NCR = National Capital RegionSheep Dog AT said:
Sheep Dog AT said:
I should have expanded on that. there are apx 15,000 pers posted within the National Capital Region, only 3148 PIL applications were received from those pers. The remainder having not made an election will receive payout as severance at retirement / release.
Monsoon
Sr. Member
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To answer the question of "why", I have a hunch that if you drilled down into the numbers you'd find that a lot of people posted to the NCR are relatively close to retirement, say perhaps within 10 years, and being late-career officers and senior NCOs would have already maxed out their RRSP contributions. In that case, it would make sense for them to wait to take the payment as non-taxable severance at retirement.winks2872 said:
But you're right that PiL uptake has been less than expected: I heard the number for reservists nationally was sub-50% as of the week before deadline.
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winks2872 said:I dont know if it's of any value to anyone but last week in the NCR we received an email stating that only 3148 PIL applications were received in the NCR out of a possible 15,000. That number is much lower than I think anyone was expecting. I'm thinking the payments will happen much faster than expected, that being said i'm not expecting it in any time frame and will be pleasantly suprised one payday
If NCR is treating this in any way like our regimental orderly room, they're taking their time with it to ensure everything is in order so they don't get sent back. Our PIL folders are complied by the Sqn Clks, forwarded to a MCpl and Sgt who both vet them before having them photocopied and mailed off. Under 1/3 of ours have been sent out.
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