FAFPS
Although the AFPS 05 scheme will be closed from the point of transition (no earlier than 1 Apr 2015) the Future Armed Forces Pension Scheme is promised to be the best on offer in the public sector (stand fast the judiciary who make up their own rules) and therefore in the pensions market as a whole. I accept that all the public sector pension reforms are inherently designed to make savings but some of the current, transitionary generation might actually find themselves better off than they would have been on just AFPS 75, as they will have all the accrued rights up to the point of transtion PLUS the additional benefits earned under the new Career Average Earnings scheme which will inherently be started at a higher level due to their seniority. I would suggest that this does not deserve the label of a 'ropey' scheme....