PPRuNe Forums - View Single Post - UK Minister calls for pay increase for servicemen
Old 4th Jul 2018, 19:27
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Lima Juliet
 
Join Date: May 2000
Location: UK
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however a compensatory measure in pensions is also being rumoured
The AFPRB do not do pension changes, so this has to be a bogus rumour. Armed Forces Pension Schemes are enshrined in UK Law and so changing pensions is a VERY big job (hence they do them sparingly 1975, 2005 and 2015 being the last 3). I had heard that they were looking at allowing personnel to bring forward their AFPS15 Early Departure Payment at the 20/40 point if they stayed in - again, this would need a significant change to the Scheme unless the measure is an interest free loan against the Pension Scheme? That would be about the only thing that the AFPRB could recommend in the report.
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