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Old 22nd Oct 2010, 18:04
  #53 (permalink)  
covec
 
Join Date: Jul 2001
Location: A Gaelic Country
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Just this Once.

I'm on about the lump sum that you get on leaving the Service after or at your IPP under AFPS05.

Then of course you also get the monthly "pension"(EDP) payments again after or at your IPP.

However, if you are made redundant under this SDSR, having already served enough time to get a lump sum plus monthly "pension"(EDP), would you also get a redundancy lump sum in addition to the above?

(Under AFPS05 if you leave before your IPP you get a reduced lump sum if you will based on three times your deferred pension which is payable from age 65. You also get reduced monthly "pension"(EDP), payments until age 65. You also get a second lump sum at age 65.

If you left at 55 - under AFPS05 - you would get a single lump sum based on three times your monthly pension - and a (very) generous monthly "pension"(EDP), payout.

I edited this as Biggus was transmitting!!! Sorry!!!
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