Any thoughts on this from last Tuesday's MoD Defence Daily Update?
Quote:
Some of the coverage also reports that soldiers have been made redundant days before they qualified for a full pension. We have been clear that the length of service was not a consideration in the selection of individuals for redundancy and we have worked hard to ensure that those selected for redundancy receive the best possible pension and compensation packages. This includes reducing how long soldiers would have to serve before they qualify for an immediate pension - from 22 years to 18 years for those selected for redundancy. This means many individuals will receive an immediate income for which they otherwise wouldn't have qualified.
In the previous rounds of redundancies prior to this one the IP point for a redundee Other Rank was 15yrs. So in actual fact they have raised to point at which a redundee could get an IP (this is under 75, I have no idea about 05). Spin, spin and more spin....