Grumpy 106
Yes, kind of. If you have abatement applied then it doesn't change for life unless you change commitment, promote or change FTRS job. So if, like me, you join FTRS with a few years to run to 55 then you have your pension abated with resettlement commutation deducted as well, then your monthly pension will remain the same until 55.
After 55, the same abatement will apply at the same amount, but the resettlement commutation deduction will cease (which is about £4k for me) and then RPI/CPI will be applied to the whole new pension and awarded. So in effect only a small abatement worked out many years ago will still be deducted.
As LJ says, kerr-frickin-ching! That will see my salary rise by an estimated £10k on my 55th birthday - a happy birthday indeed.
Make sense?
CPL Clott