Albert
I am looking at a similar scenario, but the difference is I will welcome an extension to 60. As I understand it, the working until 60 has not been categorically stated yet, although it is implied, but I suspect that will come out when NEM is announced.
The reason that I welcome an extension to 60 is that it means that I don't need to get another job at 55 - I can retire properly at 60. Those extra 5 years on a good wage and an extra 5/47 of approx 75k (top tier PAS, averaged etc etc) = 8k /annum extra pension make all the difference.
EDIT: One question I do have, assuming a retirement at 60 is introduced - the current info states that benefits under AFPS 75/05 will be paid when you would expect them to be ie no change. Does this mean that I would still be in the military, working to 60 but get a lump sum at 55 and my AFPS 75 pension??? Or could I defer it to 60 and have it "actuarily adjusted"?
Last edited by Backwards PLT; 2nd Aug 2012 at 21:24.