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PiL: Payment in Lieu of CFSP CFSP: Canadian Forces Severance Pay DOR: Date of Release SB: Severance Benefit Section 60 j.(1) of Income Tax Act: rollover of a retiring allowance (RA) $2,000/yr to RRSP for service pre 1996 (In addition to individual RRSP room) SISIP Financial Services / Services financiers du RARM
Effective: • 1 Oct 2011 for General Officers, Cols, LCol of the legal branch • Date of promotion if promoted to Col (LCol legal branch) after 30 Sep 2011 and before 1 Mar 2012 • 1 Mar 2012 for all other officers and NCMs (excluding mil judges) • The accumulation of yrs of eligible service continues for a member who is released for medical reasons (release Items 3(a) and 3(b)), or involuntarily (release Items 5(b), 5(d), 5(e), or 5(c)or by reason of death Part yrs now count towards CFSP SISIP Financial Services / Services financiers du RARM
Page 1: CFSP information provided by DGCB S
Page 4 and 5: Provide the necessary information,
Page 8 and 9: Under New Provision • All SB will
Page 10 and 11: One time opportunity. Once made, el
Page 12 and 13: FACTS: Rate of pay at substantive r
Page 14 and 15: FACTS: Part now at rate of pay for
Page 16 and 17: FACTS: Rate of pay for member’s s
Page 18 and 19: FACTS OPTIONS 1. All PiL 2. Part no
Page 20 and 21: YOU SHOULD ASK YOURSELF: What is my
Page 22 and 23: Salary 1. $53,000 2. $65,000 3. $85
Page 24 and 25: Advantages Pay off debt (credit car
Page 26 and 27: Undischarged Bankrupt or Consumer P
Page 28 and 29: PiL Election Period 14 Dec 2012 to
Page 30 and 31: $6.00 per month + tax $12.00 per mo
Page 32 and 33: Q & A www.cmp-cpm.forces.gc.ca/dgcb
Page 34 and 35: Salary 1. $53,000 2. $65,000 3. $85
Page 36 and 37: Salary 1. $53,000 2. $65,000 3. $85
Page 38 and 39: Salary 1. $53,000 2. $65,000 3. $85
Page 40 and 41: Salary 1. $53,000 2. $65,000 3. $85
Page 42: Salary 1. $57,000 2. $75,000 3. $11

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