It's a little unclear for FTRS as it states that FAFPS will only pay out at or after the proposed 20/20 point. With some FTRS taking contracts at age 40 or above, does that mean working to a 20 year point or wait until age 65 when most FTRS retire age 60?!
If it is as before, where RFPS05 paid 1/70th of final pensionable salary and FAFPS pays 1/47th of final pensionable salary, then I am very much "quids in" and my pension at 60 for my FTRS time will be £16k under FAFPS whereas under RFPS05 it would be £10.7k!
Any pointers into how I have interpretted it, gratefully recieved!
LJ