Originally Posted by MechGov
The counter argument to signing on is, leave at 55, you will probably live longer. You won't be effectively working for 1/2 salary and you get your gratuity to invest. Oh, and you get to watch the train wreck. If you want to work after 55 you can find a firm that gives a toss about its people.
That's one perspective.
For me, it will provide continued income at a time when I can finally enjoy it without giving most of it to the kids, and whilst increasing my pension. It also means I can see what the train wreck actually means for my particular part of the air force and if I don't like it, I can leave within 6 months. I can also leave (PVR) and join the Reserves without having to give back any money, unlike currently.
I don't see a down side for my particular circumstances.
I'm struggling to find any employer who would give me enough money at my age to top up to what I'm currently getting. Plus the stress of learning a new job and actually having to work for a living.......hmmmmmm.
Each to their own.