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Old 27th Aug 2011, 11:54
  #39 (permalink)  
heights good
 
Join Date: Dec 2004
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officers are on a 1/60th pension, everyone else is on a 1/80th pension. This means for every year you have worked you accrue 1/60th or 1/80th of you final salary.

So what does this mean, in simplistic terms (there are a few other rules) officers who have served for 30 yrs (all air ranks) will get 30/60ths which equals a "half pension" due to time served. Everyone else will get an almost half pension if they serve for 37yrs i.e. 37/80ths.

So Air ranks do not retire a special pension, they have merely done their time.

I hope this helps.

Pension Calculator - Try it here.
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