Originally Posted by
CharlieMike
Can anyone explain this a bit more to me? From what I’ve understood, if you leave at your IPP and take a fully commuted gratuity, you repay this monthly on re-joining. Are you further disadvantaged when you leave later on compared with if you hadn’t left/rejoined?
Its pretty simple really. Abatement is assessed on rejoining OR promotion only. So rejoining is not a career push. ie consider carefully any promotion offer!
How much are they offering when you rejoin?
(a) If your pay when you left (adjusted for CPI) is more than your new rate of pay PLUS your uncommuted pension value then there will be abatement so that your pension is reduced so you don’t get paid more.
(b) If you commuted some then you will pay ALL the commuted value back - because you’ve borrowed some of your future pension at a monthly rate. Even if the delta in (a) is less than 5k (11-6 in my example)
Advice : Don’t rejoin as PAS, as Fg Pay is not Pay in the calculation. Then once your back in, apply for PAS.