Thank you for the question.
Mr. Chair, the benefit will be based on 70% of two income streams that the veteran would be receiving just before age 65. Those two income streams would be, one, the earnings loss benefit, so it presupposes that the veteran is quite disabled and has been on an extended earnings loss benefit up to that age. It will also be calculated on the basis of the permanent impairment allowance, and the permanent impairment allowance supplement.
What the benefit will ensure is that a veteran reaching age 65 will be guaranteed a minimum income from Veterans Affairs Canada of 70% of those benefits, less other income supports from prescribed sources. In other words, it's essentially an income support measure to ensure that the overall family income does not drop below a minimum of 70% of those identified benefits that are referred to: earnings loss benefit, permanent impairment allowance, and permanent impairment allowance supplement.