AI R
"Prerogative Instrument" or not, the Service pension is certainly not unfunded. When pay increases are discussed and comparability tables consulted, pay is rebated by a certain amount (4-5%?). So you (I'm retired, thank goodness) are "contributing" that amount.
Given the opprobrium justifiably heaped upon MPs for their fiddling expenses and setting themselves up with the best pension (in terms of return for years spent in the job), I like to think any government that tries to tinker with Service pensions in isolation is on to a HUGE loser.
Of course, I may be wrong!
Pip pip
ON