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Thread: PVR and AFPS 05
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Old 23rd April 2007 | 22:02
  #32 (permalink)  
Ginseng
 
Joined: Jan 2003
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From: England
Topofclimb

It is an interesting point. PAS came about out of the Aircrew Retention Review, when AFPS75 was the only active pension scheme. PAS then offered a pension enhancement for time served as PAS, which was only retained on completion of at least 5 full years on the PAS. So PVR before 5 years meant complete surrender of the PAS pension enhancement. AFPS05 changed all that, since it works on a competely different structure. Hence, we now have parallel systems with different (and therefore discriminatory?) treatment of the same service, depending on the pension scheme you happen to be in. There will come a time, of course, when there are no more surviving members of AFPS75, and therefore no further discrimination. You paid your money, and took your choice. But it begs the question once again, that if it is now OK to penalise early leavers on PVR by removing half of their flying pay, on the basis that the flying pay has failed as a retention measure, why should PAS personnel not suffer a similar sanction? PAS was, after all, an Aircrew RETENTION initiative, and effectively pensioned flying pay (partial under AFPS75, but in toto under AFPS05).

Regards

Ginseng
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