We developed a number of scenarios or examples, if you will, to illustrate how VAC's benefits, including the pension for life benefits, will work together for veterans and their families. They are to illustrate what a veteran would receive if the program started now. Of course, by 2019, due to inflation and tax rates, it could change slightly.
The examples range from a veteran with five years of service to a veteran with 25 years of service. For example, we can look at a single, 25-year-old veteran who served five years in the Canadian Armed Forces and was injured while serving as a corporal in the infantry. He's suffering amputations above the elbow and knee and has PTSD, a 100% disability. The veteran would receive a total lifetime value of $1.36 million, which is non-taxable, in recognition of the service-related pain and suffering and the barrier to re-establishment. In addition, the veteran would receive a lifetime total of $2.5 million net after taxes through the income replacement benefit.
In addition to these pension for life benefits, they would also be entitled to case management services, treatment benefits, the veterans independence [Technical difficulty--Editor] rehabilitation, and vocational assistance.
The overall lifetime total would be close to $3.9 million in this scenario.