Originally Posted by
wokkamate
It would really useful if a Pension Calculator was produced to show the differences between 75/15 and pure 75 (other combinations apply too, of course!) assuming we will get a choice of reverting, or not.....
It would be futile.
I don’t know if HMG will simply authorise restitution or go down the compensation route. The possibilities are mind boggling. I have no doubt that many will have been severely financially disadvantaged. The opportunity cost is a major major exercise in its own right. I suspect HMG and MoD will try to fudge it.
The granular detail you can go down to is as specific as the impact of leaving, getting divorced, experiencing a PSO or child maintenance payments, or an actuarial calculation and it being made redundant.
If you go back to 75 and your accrual is different (in terms of date and profile) that has an impact on AA and LTA (probably unkindly so), and what about those who left because the pension got rubbish all of a sudden?
It’s a disaster.