Pension Calculator Error Alert
All will now be revealed.
Down4Reprogram has found an apparent error in the calculator when handling AFPS75 PAS calculations for RAF Flt Lts (apparently pilots, navs and rear crew). Based on the figures he passed to me, I have confirmed that he correctly entered figures for a Flt Lt, assimilating to PAS at the 38/16 point, and serving to 55 (as a Navigator). The figures produced by the calculator seem to indicate that it had applied the wrong look-up table, calculating his AFPS75 PAS pension enhancement at the Army "Specialist Aircrew" daily rate, instead of the appropriate Flt Lt PAS rate. The calculated total was therefore a considerable under-estimate. He reports that this error also appears to occur for Flt Lt PAS pilots and rear crew (I have not yet checked this). The clue was in the labelling of the forecast for the expected rank at retirement, which was given as "OF2SPECAIR". The calculations that I had run for Sqn Ldr PAS were correct, and were labelled only "OF3". If you have run similar forecasts, check the labelling. For reference, for 34 years reckonable service in AFPS75, with 17 years as a PAS Navigator, the total pension should read approx £29,318 (£23,982 basic plus £5,536 enhancement), with a lump sum of £88,554.
Ginseng