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Old 22nd Oct 2010, 05:49
  #37 (permalink)  
ghostnav
 
Join Date: Feb 2010
Location: UK
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Facts

On some threads I have seen some real rubbish stated. First I recommend anyone who wants to know facts speaks to someone authorised - a professional pension authority perhaps? For what it is worth:

On AFPS 75, over 3 years to serve - 9 mths pay: 2 to 3 years 6 mths and 1 to 2 years 3 mths. Less than a year is 1/12 of 3 mths pay for every month remaining.

The 6 mth pay limit is only for those who have a FULL pension entitlement - that is someone who has extended in the Service say now 56 and had a 5 year extension. So instead of getting 9 mths as he has 4 years remaining will only get a max of 6 mth pay. Watch as from 1 Apr 2013 ALL will get a max of 3 mths pay!!

Finally, the Civil Service 2010 Redundancy Pay is already out this year. There will not be another. They get 9 mths if forced out, and wait for it, 21 mths if you volunteer. Not sure if that is tax free or not.
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