One fine chap I work with has done his sums (he is nearly 51) and recons his pension will be worth more if he leaves now and rides the CPI rate rather than the pay freeze/cap. His PVR has been accepted and he is negotiating an early release from the 6 month waiting period.
It's another kick in the teeth.
Can someone please explain this to a KOS. I thought that if you leave before 55 your immediate pension was effectively frozen until you reached age 55 and then it was lifted in line with retrospective inflation from 55 onwards. Or something?
