April 2013 Pension changes.
I am due to leave the service having served a lifetime sentence in 2014. It would be fair to say that my Pension is the best (AFPS05 & PAS) that I could hope for; and I understand the advocates who will be tempted to respond with rhetoric about the Forces Pension Society.
Now that that has been established; I am also fully aware of the pay freeze for the coming 2 years and the no-doubt very conservative (pardon the pun) pay awards that are likely to follow. In short, the £££ package on the plate this day will change little in the less then four years I have left to serve.
To get to the punch line: Is it in my interest to eject before Apr 2013 knowing that there is not much time between then and age 55, or continue en-route until contracted timex in 2014? Of course redundancy could cast its evil shadow and change everything. Either way, the changes of April 2013 have bad vibes attached to them and yet I do not actually know what they are.