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Old 13th Feb 2003, 21:39
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Specaircrew
 
Join Date: Feb 2000
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Here's the reply received from PMA 34 regarding the terminal grant and commutation questions that we asked




.a. No change in rules for Terminal Grant (TG). The TG is 3 times the pension at retirement tax free regardless of TOS. Thus on the PAS, the pension would be SA FCP plus supplement based on daily rate for days on the PAS calculated at point of retirement. Multiply this total figure by 3 to get TG.

b. There are no change to commutation rules for those currently entitled.

NB: In case you haven't realised for your pay calculation the start point is the SA 2003 rate as announced last week (full details on the RAF MODWEB). If you choose PAS, assume that at 0001 on 1 Apr 03 you are on the 2003 SA level and at 0002 you move across to the PAS at the next level above. You will then subsequently move up a further level at your IDD (seniority as a flt lt date NOT SA transfer date). Those with IDDs in April will get 3 pay rises in April year if they transfer!
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