PPRuNe Forums - View Single Post - Pension Annual Allowance... exceeded?!?
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Old 6th Jan 2021, 18:46
  #47 (permalink)  
Lima Juliet
 
Join Date: May 2000
Location: UK
Posts: 4,336
Received 81 Likes on 33 Posts
Yup, spot on, those forced to move in 2015 will be given the option regress back over the 2015-2023 Remedy Period. My understanding is that a bespoke pension calculator will be provided to allow people to work out their own circumstances. However, there will also be a couple of examples sent in the “bumf” when the scheme is notified. Everyone will be on AFPS15 that are serving by 2022/2023.

As to whether there will be an AFPS22? I think that is unlikely. I had heard that AFPS15 was performing better than planned and so they were looking to increase the benefits on it - all before McCloud threw a spanner into the compressor fan! So, I believe that based on that, then AFPS15 will carry on for a while yet (it was supposed to be a once in a generation change - AFPS05 had been too generous to be affordable unlike AFPS15).

Alfred, sorry chap, you’re wrong. I heard about that “Remedy Period” directly from the Pay Colonels. We will not all go to AFPS15 until after that.
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