I have just gone through the pensions calculator process and plotted a graph of the results from age 45 to 55.
Being PAS I am better off under AFPS 05 except for about 2 years between 45 and 47 years old. What is really interesting is a little spike on the graph at age 54. It appears that, assuming I live to 75 years old, my total pension income under AFPS 05 is some 16000 more if I PVR at 54 than if I retire normally at 55.
Anyway, interesting stats aside, it appears that I can't afford not to switch to AFPS 05.
Flo