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Old 4th Aug 2011, 22:01
  #55 (permalink)  
Really annoyed
 
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Pension benefits under the existing Armed Forces Pension Schemes will continue to be earned up to the introduction of the new scheme. The Report makes it clear that pension benefits already earned will be protected on adoption of the new scheme. For the years that an individual has already served, and until reforms are made, all of the pension benefits already earned will be kept. These benefits will be worked out in the same way, with individuals being able to draw them at the same age as they can now, based on their final salary on the date that they retire.
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