LJ
I knew I could rely on you. I hacked my watch to wonder how long your reply would take.
You’re absolutely right on pensions but that was not the main thrust of ES’s post and my vociferous agreement. I was more concerned with the UK housing market and the relative affordability of houses and mortgages now vs 30-40 years ago.
Just ask my brother and sister in law who are earning decent salaries but can neither afford to rent or buy anywhere near their home and work locations and are not eligible for social housing.
If you want to bring it back to RAF specifics then, as good as the pension currently is, you have to stay for a full career to get it and all that time you’ll struggle to get on the housing ladder anywhere. As a result more people will leave sooner and seek employment elsewhere. Which of course will lower the pensions bill significantly as a result of the increased staff turnover. Which does make you wonder if that’s not the true master plan.
BV