2012DIN01-063: Pension rights accrued under AFPS 1975 and AFPS 2005
This document explains, with examples, how the transition will work.
From 1 April 2015 you will be accruing the new pension scheme.
Having been on 75 or 05 you will still retire on the same benefits of that old scheme i.e. you would retire with the appropriate tax free lump sum plus pension based on rank (rank on retirement, NOT ON 1 APRIL 15). If you leave before age 55 you would receive an Immediate pension at Immediate Pension rate fixed until age 55. At age 55 the pension increased at an actuarially adjusted rate (based on CPI).
On top of this you will also receive the new pension - built from 1 April 2015 to the point of retirement - but from age 60.
Last edited by Justanopinion; 21st Apr 2013 at 18:28.