I asked this question in a previous pensions thread - I don't think a comprehensive answer was forthcoming.
From what I currently understand, EDPs from 05 replace the IP from 75. In order to qualify for EDPs you have to serve to a minimum age 40. Our current TOS do not allow us to serve beyond 38, unless assimilated onto PAS.
This APPEARS to mean that as things stand, those who have yet to reach their 38/16 point, who transfer to 05, and do not get assimilated, will get NOTHING AT ALL - at least until age 65 when full pension becomes payable. Comparing this with 75 which will give a pension of approx £11k at OF2 level, I cannot see how 05 could possibly be a good deal for anyone under 40.
Am I completely wrong about this? Or are changes in our TOS forthcoming to move 38/16 to 40/18?
16B