As something like 25% of my take-home pay is Flying Pay, then the true pension figure is NOT 48.5%, I reckon that it's about 37.1% after service to age 55.
That is the simple fact which the Armed Forces Pensions people are still failing to grasp. No wonder that our 'excellent' pension scheme is not enticing people to stay in!
The argument that Flying Pay rates are set at the level they are because they're not pensionable is absurd; if they weren't set at these levels in the first place, then there'd be even more of a retention crisis.
'They' MUST wise up and realise that the pension rates MUST be based on the best of the the final 3 years' salaries - INCLUDING Flying Pay!
[ 15 July 2001: Message edited by: BEagle ]