FAFPS
I am very happy that under FAFPS I will receive a generous pension on retirement that I will not have contributed a penny to and will use the money this has 'saved' me to make other investments or to draw down my mortgage. Before we get into the oft quoted pension abatement issue, as part of the AFPRB's deliberations the 4% salary abatement is made to the civilian pay comparator to reflect the value of the Armed Forces pensions not the final Armed Forces salary. This is also only one part of a whole host of calculations and judgements the AFPRB make when setting Armed Forces pay and there is no direct link between the value of the abatement and the money that ends up in our pay packet. As has been mentioned on previous threads when the value of the abatement was reviewed 5 years ago and was reduced from 7% to 4% we did not see a corresponding increase in salary as a result.