I've no doubt that, at some point, we will all be offered a change to the new 'improved' pension scheme. Indeed, I seem to recall seeing some preparatory bumf appearing in the crewroom recently.
Most of the guys working with me take the view that the only reason the Gov't (Treasury) would be offering the change would be to save money. If they are saving money (and it would be a significant sum across the 3 services), then it stands to reason that we will end up with less (there is only so much in the pot) - wise words?!
The statement about 'reserved rights' for those on the existing scheme presumably assumes that their terms of service remain unchanged. I have recently assimilated to 55 (boarding school trap) and am presumably safe. However, in the unlikely event I am offered promotion in a few yrs, will I be expected/forced to join the new scheme, or will I still be considered to be serving under my original terms of Service as at 1989?
Are there any PMA people out there that can shed light?
If this is the case, promotion could carry a financial penalty for some.
