Hoots
AFPRB fit for purpose?
Yes, and, No…
These are the AFPRB annual pay rises over the past 20 years plotted against
annual average inflation:2022 3.75% vs ~8% (we won’t know the exact number until next year) Expected loss
2021 0% vs 2.5% Loss
2020 2% vs 0.85% Win
2019 2.9% vs 1.8% Win
2018 2.9% vs 2.5% Win
2017 1% vs 2.7% Loss
2016 1% vs 0.6% Win
2015 1% vs 0.04% Win
2014 1% vs 1.5% Loss
2013 1.5% vs 2.6% Loss
2012 0% vs 2.8% Loss
2011 0% vs 4.5% Loss
2010 2% vs 3.3% Loss
2009 2.8% vs 2.2% Win
2008 2.6% vs 3.6% Loss
2007 3.3% vs 2.3% Win
2006 3% vs 2.3% Win
2005 3% vs 2% Win
2004 2.8% vs 1.3% Win
2003 3.2% vs 1.4% Win
2002 4.2% vs 1.3% Win
So that is 12 ‘Win’ Years and 8 ‘Loss’ Years - so overall about the same if you’ve been in 20 years, but you’ve sh@t out if you’ve been in 10 years or so. For those of us that have been in around 30 years then the wins of the 1990s mean that we are well up.
The average annual inflation rates taken from here:
https://www.rateinflation.com/inflat...nflation-rate/
Now the other thing to remember is annual pay progression and promotion. The average promotion sees a 5-8% increase and pay progression 2-3% over 6-8 levels depending on rank. So if you add those all up, then it’s very unlikely that anyone is being paid less now than they were even 10 years ago in so-called “real terms”.
What the AFPRB is not good for is predicting the future. The pay round is decided 6 months ahead of the announcement by the Review Bodies. So in the recent example, then inflation was around 4% at the turn of 21/22, but Putin did the unimaginable and that smashed up food and energy prices to peak at 11% (and likely an overall annual average of around 8%). So what was likely to be a fair pay rise to match inflation post COVID at 3.75% now seems like a shabby deal. If you want to blame anyone then blame mad-Vlad!
Chauderon
[/QUOTE]
AFPS15 was first mooted and clearly illegal[QUOTE]
AFPS15 was
not illegal, the way that age discrimination was used to forcibly move, or not move, a person to pension was the illegal bit. AFPS15 was and is quite legal, as was the forced move of everyone on 1 Apr 22. There are also some crazy myths about AFPS15 about it being worse - not so for many - anyone serving to 60 is likely to be way better off than the legacy pensions (too many reasons to list) but as ever, there are some losers if they leave early. Also, those new joiners, since 2015, will not have the early pension benefits many enjoyed around 16/18/22 years of service. But even then, it’s pretty damn good!
Oh, as this thread is likely triggered by Nurses, Rail and Border Force strikes. The health workers had a pay offer in Jul 22 that ranged from 4-9.1%, where the highest went to the lowest paid. For Nurses, in Band 5 and 6, they got around 5.5%, plus they have pay increments of around 3% and promotion to Band 6 brings more too. So with annual inflation at around 8% they are probably ‘break even’. No I don’t have sympathy one jot - the economy is nadgered - and they are being hung out to dry by the Unions that are desperately trying to destabilise the current Government to get their puppets (aka Labour Party) into power. Don’t forget that a lot of Labour’s funding comes from the Unions. The biggest losers will be the strikers who will not be properly paid and probably not gain as much as they will lose. I am also not sticking up for Truss and Kamikwase who spaffed a load of money up the wall either. But right now, a series of strikes is the last thing that this country and its people need. Lowering GDP will lead to poor pay settlements next year for all too.
Rant mode off…