The Forces Pension Society newsletter today had no significant news on the new pension scheme so some of the alarm is definitely premature and should be saved up for some genuine alarm and necessary desperation in the future.
More alarming I think is the today's 1% cap on top of a 2 year pay freeze. LFFC is quite correct that pension entitlement on leaving will reduce significantly in real terms but inflation is forecast to drop next year (I know, we'll see) so it might not be as bad as 20% but it is bad enough to suggest an immediate exit is worth considering for anyone who can leave.
I think that AFPS 05 has a protection built in for this kind of thing. It would be worth joining the Pension Society and checking before reaching for the Mess Webley!
