Jeep
The answer to your question about PAS is that you still cannot know until the precise transfer terms are made explicit - assuming you are on the PAS now. The rest depends on a trade off between reduction of early-leavers' income (from pension to reduced "Early Departure Payments", and increased Death-in-Service benefit (if you die!) and increased widows'/widowers' benefit (if you die in retirement!). The balance will be different for each individual.
The Armed Forces (Pensions and Compensation) Act 2004 received the Royal Assent on 18 November and will be published on the HMSO website tomorrow, 23 November. It is enabling legislation, giving the SofS powers to introduce new pension and compensation schemes. The detail will be introduced in secondary legislation, by means of Statutory Instruments laid under the Act.
Incidentally, for those who had not realised, it is not all a matter of choice. The new compensation scheme, which will replace the current AFPS Attributable Pension, will apply to Everyone, including those who eventually remain on the current AFPS, for new arisings after 1 (or 6?) April 05.
Regards
Ginseng
Last edited by Ginseng; 22nd Nov 2004 at 19:47.