Originally Posted by
3 bladed beast
For anyone that can give a best guess ( I'm going to wait for calculator, I'm joining pension society, will get formal calculation soon etc)
Joined mid 99 and should be leaving around December 22.
Stay on AFPS75 and get around 22 years plus a little on "2022" or get around 16 years on Afps75 and 7 on 2015?
Pas Flt Lt since around 2016....
You can use the current AFPS calculator to work out the second option, as that's currently the default position.
For the first option, the AFPS 75 portion can be worked out from the
AFPS75 pension code tables:
Officers retired pay & lump sum
OF2 with 23 years (mid-99 to mid-2022) = £18769
PAS supplement
6 years PAS x 365 days x £1.363 per day = £2985
Total AFPS75 immediate pension = £21,754 pa
Multiply by 3 for lump sum = £65,262
For the next bit there is no "AFPS22", it's just AFPS15 with a later start. Your deferred AFPS15 pension will be 2.1% of the salary you earn in the few months between the changeover date and your exit. Your additional tax free lump sum will be 2.25 times that. You will get an EDP instead of the pension until you're 60; it's about 1/3rd of the deferred pension.
Your choice probably depends when you want the money. You might get more per year after age 60 if you switch to AFPS15 in 2015, but then you'll probably get less in the meantime due to the abating effect of the AFPS15 EDP. See what the calculator says.