Anyone within 10 years of their normal retirement date wef 1 April 2012 will not be transferred to '15. But if service continues until aged 60, how do you compensate the older service men/woman for the (in effect) loss of pension accrual who may currently still have up to 15 years in '75 to serve out?
In the new scheme, the maximum accrual cap is abolished to allow accrual for the duration of paid service, so if you hit 34 years in '75 by 2015 (assuming you're over aged 46 now), can you buy Added Years (somehow) or for '15 I wonder? No tables as yet, although reference is made to 'actuarially fair' computations. HMRC guidelines would still apply, but there may be scope.. otherwise, would there be a pay adjustment to compensate for the discrepancy or will it be a case of "c'est la vie"?