PPRuNe Forums - View Single Post - Military Pension - Forced Redundancy Days Before Entitlement
Old 6th Nov 2013, 16:10
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Party Animal
 
Join Date: May 2006
Location: UK
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Armed Forces pensions
A story in The Times reports that thousands of people have signed a petition calling on the Prime Minister to prevent Sergeant Michael Anderson from being made redundant 3 days before he is eligible to receive an immediate Armed Forces pension.
All those made redundant will receive an Armed Forces pension and a generous compensation package. No individuals are being denied a pension and everyone selected for redundancy will still get an Armed Forces pension, which remains one of the very best in the public or private sector.
They will receive their Armed Forces Pension and all their accrued pension rights at the age of 60 or 65. Armed Forces pensions are non-contributory, so, unlike other public sector or private pensions, Armed Forces personnel do not contribute to them throughout their career.
It should also be noted that, in recognition of redundancy, we have reduced how long individuals have to serve for before they qualify for an immediate pension from 22 years down to 18 years for most ranks.
Inevitably we have to draw the line somewhere, but those who are close to their immediate pension point – a small minority of approximately 1.2% – will receive a larger tax-free lump sum in compensation. This is in addition to their resettlement grant and in some cases could total over £100,000. No individuals were selected because they were close to their immediate pension point.
The above is from the MoD Pravda website. Clearly the civil servants writing it came from the Jozef Goebbels school of propaganda script writing. Best I don't comment on the above. It could get me into a sh1t load of trouble
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