Mr. Chair, because the recurring monthly pension of pain and suffering compensation may, in fact, be worth more to a person than the lump sum was, depending on that person's age and when that person received his or her lump sum award, essentially what we will be doing is this. Come April 1, 2019, the file of every recipient of a disability award will be looked at, and there will be a simple calculation made to determine whether or not, had that veteran received the lifelong benefit, the monthly benefit, back in time when he or she received the disability award, if that recurring monthly benefit is worth more. If it is worth more, then there is a simple formula that considers the age and gender, an actuarial analysis and so on, that will determine on a go-forward basis what the difference would be, and the veteran will receive that amount for life.
On June 7th, 2018. See this statement in context.