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Old 1st Oct 2011, 09:24
  #58 (permalink)  
Biggus
 
Join Date: Dec 2001
Location: The Roman Empire
Posts: 2,451
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My turn to apologise if I got the wrong end of the stick....

The point is, the only people who be seeing the value of their pensions decrease by 10% ish are those that have served 35 years on AFPS05 or 34 years on AFPS 75.

These will be a fairly small and select band, aged 52+ depending on how old they were when they joined up (for example, having joined older than 20 it won't effect me even when I get to 55 and retire).

Loss of pension buying power vs inflation is just one factor this select band will have to consider when deciding on what to do in future, along with job satisfaction, current earnings vs possible salary outside, etc.

However, as I said before it should be a very small group, and won't effect the majority of pprune readers.
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