Originally Posted by
downsizer
To be clear, option 2 didn't mean the loss of banked 75/05 pensions, just that all personnel would be moved from 2015 into the '15 scheme. I guess those who stayed on '75 would get the hit.
Surely it cannot be 'all personnel' as that ship has already sailed. Having already stated that those who have already retired will not see their pension reduced we would be in a position where those who stayed in will take the punishment.
The 'protection' was for those within 10 years of their NRD and 45% of that time window has already passed. I fell just short of the 10 year protection and some of those who were slightly older remained on '75 protected terms but have subsequently left or plan to do so shortly. Will we see others hitting the PVR button ahead of the next potential announcement?