LJ,
You are right. The lump sum I refer to is indeed on death. I am in the process of sorting out things just in case and resigning the form after everyone in AFPS 75 was removed from AVCs when the 05 pension came in as it increased AFPS 75 from x2 lumpsum to x3. I had thought I had the best deal going and also thought I was still paying for AVCs (the change in pay statements lulled me into thinking that a similar figure was my AVC!).
It was on looking at the form that the two other AVC options came to my attention. The last one says to me that my pension will be based on the actual individual's final salary rather than the nominal figure called 'representative pay' which I believe is an average for the rank. It looks to me that this is a good deal.
However, are there any hidden catches?
I have been informed by PSF that the increase in death sum costs 0.3% of salary. I cannot, however, find a civvy link which explains the cost of the other 2 cases. Anyone else out there have a link?