Would you recommend a career in the military
Join Date: Sep 2003
Location: A bit of a gypsy of late!
Age: 55
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Confused?
There seems to be many people saying how bad it is now 'but only 7, 12, whatever' years to push. Why not leave now?
Oh sorry, one forgot. Silly me. You must be hanging on for the pension - now isn't that a nice perk to have. A non contributory pension at that.
If its that bad, please go now or shut up. If all is to be believed on here, moral is almost at an all time low and your negativity just adds to the problem.
Make the choice, but please bin the fcuking whining. As I said in an earlier post, we are all volunteers and the answer is simple. March into G1/PSF or Fish HQ and PVR/sign off. Please!!
ISITD
LFOGOOTFW
Oh sorry, one forgot. Silly me. You must be hanging on for the pension - now isn't that a nice perk to have. A non contributory pension at that.
If its that bad, please go now or shut up. If all is to be believed on here, moral is almost at an all time low and your negativity just adds to the problem.
Make the choice, but please bin the fcuking whining. As I said in an earlier post, we are all volunteers and the answer is simple. March into G1/PSF or Fish HQ and PVR/sign off. Please!!
ISITD
LFOGOOTFW
Gentleman Aviator
A non contributory pension at that.
So if you're serving. RTFM before coming out with stuff like that. Come to think of it, if you're not serving RTFM anyway before coming out with crass remarks like that .......
....... civvies reading this might even believe you, like many of them think we don't pay for MQs.......
Edited to add: Couldn't find chapter and verse from AFPRB Report (last year's before anyone gets excited!) but try this from the Army's "Serving Soldier" website....
As a Regular soldier you are automatically a member of the Armed Forces’ Pension Scheme (AFPS). You do not contribute directly from your pay into a pension fund, but the AFPRB does make an adjustment to your salary to take into account the relevant benefits of the Services' scheme when compared with civilian pension arrangements.
Last edited by teeteringhead; 28th Feb 2007 at 08:24. Reason: ...to add quotation
Teeters,
The pay is even better than it appears then!
More seriously, the pay is the pay is the pay..... everyone coming into the service accepts it as at least very reasonable, and with a free pension on top.
I agree with ISITD where he reflects on the "Only x years to go" sentiments expressed by some. That's only x years of your life gone forever mate.
CG
The pay is even better than it appears then!
More seriously, the pay is the pay is the pay..... everyone coming into the service accepts it as at least very reasonable, and with a free pension on top.
I agree with ISITD where he reflects on the "Only x years to go" sentiments expressed by some. That's only x years of your life gone forever mate.
CG
Join Date: Sep 2003
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Not on ITV!!
Teeters,
Yes, I believe that is all rolled up into the so called 'X Factor' we recieve.
And you mean I get paid more than I actually do? Great - best get another fire going to burn all that cash I failed to spend this month from my almost pop star wages (even huge after my pension contribution, thanks!!).
Still serving and will continue to. And proud to serve my country. Not so the excuse for government we have at the moment.
Bring back Maggie and all who sailed in Her!!
ISITD
LFOGOOTFW
Yes, I believe that is all rolled up into the so called 'X Factor' we recieve.
And you mean I get paid more than I actually do? Great - best get another fire going to burn all that cash I failed to spend this month from my almost pop star wages (even huge after my pension contribution, thanks!!).
Still serving and will continue to. And proud to serve my country. Not so the excuse for government we have at the moment.
Bring back Maggie and all who sailed in Her!!
ISITD
LFOGOOTFW
I don't own this space under my name. I should have leased it while I still could
The Armed Forces Pay was originally abated by 9% which was the assumed pensions contribution. About 10 years ago this abatement was reduced first to 8% and then 7%. In other words if a serviceman is paid £100 net then this was actually equivalent to a civilian wage (gross) of £107.52.
Now the X-factor is not linked to the pension abatement but is an uplift of 13% to account for the normal wear and tear of service life over that of civilians in comparable jobs. It is not a combat supplement. Other allowances like food and accommodation refunds, hard lying money, etc etc are also extras.
So let us return to the £100 net that a serviceman gets. His civilian counterpart would get only £95.12 (13% less than the £107.52) from which he would then have his pensions contribution deducted.
I think the maths is right but you will see there is only a £4.88 difference/£100 before the civilian pension is taken in to account. If the pensions contribution was about 7% then this would drop the civilian pay to just £88.50 (our pre-X-factor pay).
What is a typical civilian pensions contribution then?
Now the X-factor is not linked to the pension abatement but is an uplift of 13% to account for the normal wear and tear of service life over that of civilians in comparable jobs. It is not a combat supplement. Other allowances like food and accommodation refunds, hard lying money, etc etc are also extras.
So let us return to the £100 net that a serviceman gets. His civilian counterpart would get only £95.12 (13% less than the £107.52) from which he would then have his pensions contribution deducted.
I think the maths is right but you will see there is only a £4.88 difference/£100 before the civilian pension is taken in to account. If the pensions contribution was about 7% then this would drop the civilian pay to just £88.50 (our pre-X-factor pay).
What is a typical civilian pensions contribution then?
Pontious,
Teachers: 6.4%. Calculated on 1/80th pension; 3/80ths lumper.
I don't doubt your maths, trouble is, they don't allow (if that's the right word) for the inherent stabiity of final salary schemes- if the Forces one is; versus investment schemes. What I mean is that FS schemes are bankers-they're worth more 'cos you can plan on them.
CG
Teachers: 6.4%. Calculated on 1/80th pension; 3/80ths lumper.
I don't doubt your maths, trouble is, they don't allow (if that's the right word) for the inherent stabiity of final salary schemes- if the Forces one is; versus investment schemes. What I mean is that FS schemes are bankers-they're worth more 'cos you can plan on them.
CG
I don't own this space under my name. I should have leased it while I still could
CG, very true but FS vs CS schemes are both media news and political dynamite. Very difficult to actually reconcile in the detail.
Bit like the original intention to have AMQ rent set at the average council rent and the OMQ rate comparable with a home owner cost and mortgage. On that basis, with house price inflation, OMQs would have been free.
Bit like the original intention to have AMQ rent set at the average council rent and the OMQ rate comparable with a home owner cost and mortgage. On that basis, with house price inflation, OMQs would have been free.
Join Date: Aug 2006
Location: Scotland
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Yesterday
I think the issue is that we all look back at yesterdays RAF with a fondness for the past, the new chaps will not know any different - if I could do it all again would I join?
Yes
Should we bring back Mrs T?
YES YES YES
Yes
Should we bring back Mrs T?
YES YES YES
