One year on since the last post to this thread, with the economy in a mess and an election looming, there is still much talk of reviews to public sector pensions.
I was therefore interested to read the following paragraph on a
pensions website (my bold):
The Armed Forces Pension Scheme is a final salary, contracted out, unfunded occupational pension scheme and its rules are set out in prerogative instruments. These documents are not subject to approval, annulment or amendment by parliament, they derive their authority directly from the Queen.
Does anyone know if that makes existing Forces pensions resistant to government "adjustment"?