Yes, I saw your calculations on the other thread thanks - but I'm still trying to understand all the aspects here. Think I'll carry on on this thread because the whole pensions/redundancy thing all seems so linked.
So have I got this right about the new redundancy scheme?
Supposing I join AFPS 05 then I'm made redundant in 2010 when I'm aged 49, I would get the new (somewhat reduced) capital payment and an EDP based on only 50% of the pension and gratuity to which I would have been entitled had I served until aged 55.
Sounds like a cunning plan to me Baldrick!
I suppose my real fear is that we develop a demographic bulge of aircrew on the PAS. This wouldn't be surprising because we've been offered such a big increase to our pensions if we stay until 55. I think we're already seeing the impact of that on assimilation. I suspect that the only way to deal with that will be with more redundancies targeted at the PAS.
Last edited by LFFC; 25th Jun 2005 at 12:45.