Pension Petition

[Voxpop]

Yet again there is a petition aimed at Parliament about Armed Forces pensions...

The post Petition to Parliament appeared first on Forces Pension Society.

[MPN11]

A link would save us all a lot of keyboard time ;)

I haven't read the latest Issue of Pennant yet.

[Background Noise]

I think Vox meant to say:

The post Petition to Parliament (https://forcespensionsociety.org/news/petition-to-parliament/) appeared first on Forces Pension Society (https://forcespensionsociety.org).

[Voxpop]

I did indeed. VMT.

[Pontius Navigator]

Even that could be expanded to say that the FPS is opposed to this new petition.

[Onceapilot]

Perhaps the FPS should be more vocal and specific about what it does support? :zzz:

OAP

[The Old Fat One]

Perhaps the FPS should be more vocal and specific about what it does support?

Indeed it should. Rather that beating about the bush it should just say the petition is factually incorrect and completely misguided. That fact that 52905 people have signed it, is a sad indictment of the average citizens (lack of) financial acumen.

[Lordflasheart]

Spot on TOFO ... . :ok:.

I was about to post ten lines of carefully prepared wisdom, but TOFO beat me to it (and did it much better) with two.

...............

[Background Noise]

TOFO - they do say that it is incorrect and that is why they don't support it:

This might be well intentioned but it is based on serious misunderstandings and it does the Armed Forces no favours. It is just not true that the Armed Forces have the only pension scheme to be taxed – all public sector schemes are taxed in exactly the same way.

[ricardian]

My Civil Service pension which began in 2003 (for service 1973-2003) and my state pension which began in 2008 are treated as income and taxed accordingly.
My RAF service 1961-1973 attracted no pension rights and ignored my Boy Entrant service 1959-61.

[Tankertrashnav]

The other day The Times printed a list of recent petitions which had garnered large numbers of signatures, including those which had reached the required number and had been debated in Parliament

Not one had altered the government's position on the matter being discussed. Doesn't bode well for this one.

[The Old Fat One]

BN

I know (you kinda missed my point, but never mind).

A lot of very educated, highly intelligent and gifted service people have a total blind spot when it comes to pensions and the mere mention of the word turns them into total lemmings willing to hop on and endorse any old military pension bandwagon.

This is one such example. You really have to be a complete financial dork to support this tripe.

QED.

[Geordie_Expat]

.
My RAF service 1961-1973 attracted no pension rights and ignored my Boy Entrant service 1959-61.


Are you sure about that? I got a pension on reaching 60 and my time in the RAF was 1965-1978.

[Voxpop]

Georgie,

You got pension entitlements because your service straddled 1975 and you had more than 5 yrs reckonable service. Ricardian left before preserved pension rights were introduced (April 1975).

[Voxpop]

Onceapilot,

We support lots of things, all of the time (not always vocally where it makes sense to work behind the scenes.).We particularly try to ensure that service personnel are treated fairly and consistently. Here are just a few current issues. We support accurate and timely forecasts and have recently persuaded DBS to change the standard of what they push out every day, to the benefit of thousands of those awaiting pensions. We support the correct inclusion of LE supplement in pensions calculations to those promoted from the ranks under the 75 Scheme, and by our advocacy have secured an increase in pension for dozens of pensioners in this position; we intervened over the sudden removal of reckonable service from Medical & Dental Officers prior to them being fully registered with the GMC – an inconsistent decision that has recently been rescinded; we support the reinstitution of Short Term Family Pensions and are now deep in discussion with the MoD to try and achieve this; we support better arrangements for explaining the significance of nomination forms and updating them ; and of course we support the MoD coming clean about whatever they are cooking up by way of a brand new pension scheme. And above all we support our members, who come to us every week with hundreds of pensions enquiries, many complex and personal, and some requiring formal appeals which we help with, usually successfully. What we do not support are plausible-sounding but incorrect statements such as the one behind this petition.

[Clunk60]

Here, here VP. I had the petition sent to me via other social media, on reading it it was apparent it was a knee jerk action that wasn't dealing with all the facts. If you want timely accurate advice speak to the experts, who are not necessarily the MoD, Glasgow or P staffs but those employed to know, find out and fight on our behalf. Certainly not self appointed experts trying to stir feelings and discord.

[Pontius Navigator]

ricardian, a small correction, semantics I know, but your state pension is not taxed. Instead your personal allowance is reduced by the amount of your state pension. Blowed if I can see the difference but that is how it goes.

[OKOC]

....... Signed!