Originally Posted by
VinRouge
LJ,
Please can you explain the rather significant jump in actuarial pensions contribution, as a % of pay that seems to have happened in the past 12 months? Are people all of a sudden getting vastly larger payouts on retirement? Has the AFPS calculator lined everyone’s driveway in gold? Can we all now afford a Nic 55 yacht, name it Rio Grande and drink cocktails in the Caribbean on retirement?
or has there been a change in assumption that is cynically screwing current serving personnel and turning it into a de facto contributory scheme via the back door? The figures pushed out by manning as recently as last year were around the 45% mark. Latest quote from official stats is now over 70% for officers. So what has changed? Why do we now have wing commanders receiving over 100% of their pay into their (imaginary) AFPS pension pots?
Surely everyone in the military is exceeding their annual allowance then? Why are only some people taking a hit?