The AFPRB's last review of the pension valuation was covered in their
36th Report 2007
We conclude that:
• With revisions to reflect changing circumstances, our methodology to determine the relative pension value and how we apply that value to civilian
comparator pay remain appropriate given that the Armed Forces have non-contributory pension schemes;
• The value should be 4 per cent; and
• The value will be deducted from the civilian pay comparisons from 1 April
2007, which will be part of the evidence for our 2008 Report.
This was a reduction from the previous (2001) valuation of 7%.
Final salary recomendations are: 'civilian pay comparator value' - 'pension value' (4%) + 'X-Factor' (14%)