I'm in the same situation as Melchie - aged less than 45 so will be going from AFPS75 onto AFPS15. I think the key line is that pointed out by Voxpop - according to the literature, the annual pension under AFPS15 grows by 1/47 of pensionable pay for each completed year. For those of us who have already completed the lower-earning part of our careers, the transition appears to be an excellent deal - the AFPS75 we have already earned is 'safe' and will be based on whatever rank we retire with in 15-20 years' time, and the AFPS15 we are about to earn will start accumulating from the reasonable base of a mid-career salary rather than the Plt Off's pittance.
If that's not to be the case, a specific clause would have to be written somewhere to modify the annual salary-based accrual for those transitioning from previous schemes - and I haven't found any such clause... yet!
Last edited by Easy Street; 28th Oct 2012 at 09:41.