- Reaction score
- 1,700
- Points
- 1,140
The counter will start on 1 Jul 23. A note on that: going IR doesn’t reset the counter.Especially if the CAF/TBS decide that 7 years in the same residence doesn't start fresh on 1 Jul 23.
The counter will start on 1 Jul 23. A note on that: going IR doesn’t reset the counter.Especially if the CAF/TBS decide that 7 years in the same residence doesn't start fresh on 1 Jul 23.
They already get relief from RHU price. They can’t pay more than 25% of their gross salary in rent.Why don't you ask the spouse of a standard pay group Pte/S1/Avr posted to Esq who is living in PMQs with a young child....who are in Qs because they can't get or afford a mortgage, and can't get a posting out of there?
They might have a metric to share.
When I was a Pte with no kids in 1978 there was no way I could afford a house in Petawawa. I don't think most folks in their first 4 years of an entry level job could ever afford a house anywhere.Why don't you ask the spouse of a standard pay group Pte/S1/Avr posted to Esq who is living in PMQs with a young child....who are in Qs because they can't get or afford a mortgage, and can't get a posting out of there?
They might have a metric to share.
Your right. They should have made sure not to have a kid before they joined.When I was a Pte with no kids in 1978 there was no way I could afford a house in Petawawa. I don't think most folks in their first 4 years of an entry level job could ever afford a house anywhere.
Not sure your example is a metric.
Also, @Eye In The Sky - the comparison would be if said family had to rent on the economy.They already get relief from RHU price. They can’t pay more than 25% of their gross salary in rent.
Those pers are losing $816 a month in PLD, while "Economic Increases" will take the sting out of it, that's all they do.When I was a Pte with no kids in 1978 there was no way I could afford a house in Petawawa. I don't think most folks in their first 4 years of an entry level job could ever afford a house anywhere.
Not sure your example is a metric.
I don't understand the PLD thingy at all, so I can't comment,......but just as an average ex-govt worker, if the folks I worked with were handed this raise, they'd be tap dancing in the street.
I'll take a stab at it; how about "every jnr NCM posted to Esq and Pat Bay" for starters. It's not like the COL was forgiving there before the current rates of inflation. I've heard inflation is 15-19% - this COL increase is less than that. Now add in, they're living in RHUs, because the housing costs out there are crazy.
Are you okay with those people now worrying and struggling?
They already get relief from RHU price. They can’t pay more than 25% of their gross salary in rent.
Hope you ducked when what I was saying went over your head.Your right. They should have made sure not to have a kid before they joined.
There is a bit of math here going on.
First here's where I'm coming from. I get a pay increase. I also get no change to my PLD conversion to CFHD, which is already $0 and despite my region actually getting CFHD due to the pay increase I'm over the benifit number.
This is incorrect as far as I can tell.
In Esquimalt running the quick numbers, for non-spec MS you get more money. Pay increase and the CFHD is roughly equivalent to the current PLD ($10 less) so your up about ~$360 a month. For a spec 2 MS you're still ahead $190 dollars per month.
If you're an S3 you're really benefiting. Your PLD replacement went from $810 to $1850. So you can actually afford to rent an appartment and you know... live.
For me if I was getting PLD in Esquimalt my pay change would be... +$246 pay, -460 CFHD which is a net loss of $214 a month. So a Jr. Lt(N) is out about $2600 a year. Of course I'm on ship so environmental allowances cover that off.
In order for you to break even you generally need to be category 11 for pay. $8100-8299 for your pay AFTER you account for the pay increase. Which you won't see as a non-spec NCM until you are around MWO or CPO2.
When I was a Pte with no kids in 1978 there was no way I could afford a house in Petawawa. I don't think most folks in their first 4 years of an entry level job could ever afford a house anywhere.
Not sure your example is a metric.
COL (other than housing) is high everywhere. The normal benchmark is to pay less than 30% of the family gross income in housing costs. This is normally an indicator that you can live within your means. The CAFHD allows for that.That doesn't change the COL in Esq.
It also doesn't change the fact a good portion of the RCN see less $$$ deposited into their accounts every 1st and 15th.
We will see by Aug 1 pay drop. That will be D-day for lots of folks.
When I was a Pte with no kids in 1978 there was no way I could afford a house in Petawawa. I don't think most folks in their first 4 years of an entry level job could ever afford a house anywhere.
Not sure your example is a metric.
There is a bit of math here going on.
First here's where I'm coming from. I get a pay increase. I also get no change to my PLD conversion to CFHD, which is already $0 and despite my region actually getting CFHD due to the pay increase I'm over the benifit number.
This is incorrect as far as I can tell.
In Esquimalt running the quick numbers, for non-spec MS you get more money. Pay increase and the CFHD is roughly equivalent to the current PLD ($10 less) so your up about ~$360 a month. For a spec 2 MS you're still ahead $190 dollars per month.
If you're an S3 you're really benefiting. Your PLD replacement went from $810 to $1850. So you can actually afford to rent an appartment and you know... live.
For me if I was getting PLD in Esquimalt my pay change would be... +$246 pay, -460 CFHD which is a net loss of $214 a month. So a Jr. Lt(N) is out about $2600 a year. Of course I'm on ship so environmental allowances cover that off.
In order for you to break even you generally need to be category 11 for pay. $8100-8299 for your pay AFTER you account for the pay increase. Which you won't see as a non-spec NCM until you are around MWO or CPO2.
Why don't you ask the spouse of a standard pay group Pte/S1/Avr posted to Esq who is living in PMQs with a young child....who are in Qs because they can't get or afford a mortgage, and can't get a posting out of there?
They might have a metric to share.
They already get relief from RHU price. They can’t pay more than 25% of their gross salary in rent.
I saw that it disappears after 7 years, but where does it say that it scales down over time (not counting promotions)?And the CFHD scales down over time and disappears after 7 years in the same geo location. That's the killer for the RCN. The true effect is in 2030.
Also, @Eye In The Sky - the comparison would be if said family had to rent on the economy.
Compare an RHU price (which has no HD) to a 2-bedroom price but minus HD. If they did the math right, they should equal out.
I guess the bigger question here is whether the rates for RHUs are changing then? They used to be a set price, regardless of rank, for a type of place...and fluctuated depending on location and market rate. So is that all going out the window and only based on 25% (or less) of a member's gross monthly pay?
You match checks out with my quick numbers as well... which should worry you, I'm not a mathmagician.There is a bit of math here going on.
First here's where I'm coming from. I get a pay increase. I also get no change to my PLD conversion to CFHD, which is already $0 and despite my region actually getting CFHD due to the pay increase I'm over the benifit number.
This is incorrect as far as I can tell.
In Esquimalt running the quick numbers, for non-spec MS you get more money. Pay increase and the CFHD is roughly equivalent to the current PLD ($10 less) so your up about ~$360 a month. For a spec 2 MS you're still ahead $190 dollars per month.
If you're an S3 you're really benefiting. Your PLD replacement went from $810 to $1850. So you can actually afford to rent an appartment and you know... live.
For me if I was getting PLD in Esquimalt my pay change would be... +$246 pay, -460 CFHD which is a net loss of $214 a month. So a Jr. Lt(N) is out about $2600 a year. Of course I expect environmental allowances to change as well.
In order for you to break even you generally need to be category 11 for pay. $8100-8299 for your pay AFTER you account for the pay increase. Which you won't see as a non-spec NCM until you are around MWO or CPO2.
These numbers are for Esquimalt and Victoria only. Please someone check my math as it was a quick look.