What is the offset for SISIP?

by **Trooper** Wed 25 Oct 2017, 6:56 pm

What is deducted from other income sources for SISIP?

24. Other Relevant Sources of Income

a. The monthly benefit payable at Section 23 shall be reduced by the sum of:

(i) the monthly income benefits payable to the member under the Canadian Forces Superannuation Act; and

(ii) the Primary monthly income benefits payable to the member under the Canada or Quebec Pension Plans (including retroactive payments covering the period during which such benefits were prefunded under this Division 2); and

(iii) the employment income of the member unless the member is participating in a rehabilitation program approved by the Insurer in which case the monthly benefit will be reduced in accordance with Section 28.

https://www.sisip.com/getmedia/b552f3cd-0139-4ffd-8db9-e3832a07ddc3/SISIP-POLICY-901102-Oct2016.pdf.aspx