Background Noise
My post above concerns exactly the same problem. I spoke to the OTT service centre about it today. They said that the pension illustration is based on retiring at 55 but on my current (Apr 05 when they did the sums) PAS level. Clearly this makes no sense at all. In my case a 43 year old on PAS level 24 - how could I possibly retire at 55 still on PAS level 24? I couldn't unless I was assessed as well below average for the next 12 years and hence didn't get the annual PAS pay increment.
I also asked about the assumptions behind the AFPS 75 illustration. I think that is based on the representative rank related pension plus the PAS supplement.
The result is at first glance I seem to be better off under AFPS 75, but after doing the sums I am actually better off under AFPS 05 to the tune of 4000 pa (assuming I retire on PAS level 35).
I can only conclude that the offer to transfer personal benefit statement is at best confusing and at worst down right misleading
Flo