PPRuNe Forums - View Single Post - Military Pension - Forced Redundancy Days Before Entitlement
Old 7th Nov 2013, 12:30
  #23 (permalink)  
SilsoeSid

Purveyor of Egg Liqueur to Lucifer
 
Join Date: Nov 2002
Location: Alles über die platz
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Onceapilot;
Sorry, I keep banging this drum! Armed Forces pensions ARE as contributory as any other public service pension. Pay rates ARE abated. Just because no figures appear on the pay statement makes no difference apart from the political fudge factor of trying to fool Servicemen (particularly VSOs!).
Really !?!?!?
Pensions - British Army Website

"Pensions for Officers and Soldiers

Nobody joins the Army thinking about retirement. But when the time comes, the Army's pension scheme will be there to support you. Most civilians either have to pay into a private pension fund, or contribute from their salary into a company scheme to ensure they have something to live on when they retire. But in the Army you are entitled to monthly payments based on your final salary, without having to contribute to your pension at all.
After two years of Regular service you'll have earned an Army pension that will be paid when you get to the age of 65. And if you serve for 12 years you'll be entitled to a tax-free resettlement grant on retirement too. Anybody aged over 40 who has served for at least 18 years gets the right to claim an immediate pension and tax-free lump sum on leaving the Army, and a second lump sum when they turn 65.
"
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