Pay tables
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Inter Arma Enim Silentius Lex Legis
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So let me see if I have this right...
Some one who is Master Aircrew on the PAS spine cannot progress beyond level 20?
That means that right now then before my 2008 payrise, I earn more with my RAF Pension plus my salaried earnings than I could ever have hoped to have earned in the RAF?
That makes me feel very happy indeed. And to think Jim Thoms told me the grass wasn't greener outside. Bless....!!!
Today is by the way the 5th anniversary since I last flew as an Air Eng!!
Just a flying vist for old times sake!!!!
Some one who is Master Aircrew on the PAS spine cannot progress beyond level 20?
That means that right now then before my 2008 payrise, I earn more with my RAF Pension plus my salaried earnings than I could ever have hoped to have earned in the RAF?
That makes me feel very happy indeed. And to think Jim Thoms told me the grass wasn't greener outside. Bless....!!!
Today is by the way the 5th anniversary since I last flew as an Air Eng!!
Just a flying vist for old times sake!!!!
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I am glad train driving is working out for you Gorilla. They do pay pretty well. Obviously that MACr who retires today at age 55 on level 20 will receive a pension of £31000 a year plus £93000 gratuity. So he won't have to earn too much more before he is in the high tax bracket again. Whatever works for you I guess.
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Monkeyboy,
In 4 years at age 55 I retire, never work again, travel and generally live the life of riley. If you retire today how far will you're pension take you?
Much as I think that some form of rare skin disorder that there is no know cure from would have better than the guy you mention deserved he was right as you're grass aint that green.
You will always have to work, probably to age 65 to maintain, let alone ensure the lifestyle that todays PA NCA will get courtesy of their pension.
This is not a gloat but a simple case of stating the blindingly obvious.
In 4 years at age 55 I retire, never work again, travel and generally live the life of riley. If you retire today how far will you're pension take you?
Much as I think that some form of rare skin disorder that there is no know cure from would have better than the guy you mention deserved he was right as you're grass aint that green.
You will always have to work, probably to age 65 to maintain, let alone ensure the lifestyle that todays PA NCA will get courtesy of their pension.
This is not a gloat but a simple case of stating the blindingly obvious.
Inter Arma Enim Silentius Lex Legis
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Sam,
Good comment and that's a good pension. But one has to bear in mind that upon leaving at age 55 you won't be getting much of a top up if you venture into civvy street! It's unfortunate but although age discrimination is outlawed it is still abundant.
For those who are my age i.e. approaching 50 we are lucky as we will be amongst the last males to get state pension at age 65. After 2024 the age begins to rise year on year, my wife who is a little younger than me
won't receive hers until she is 68 and that's the same for my youngest Brother.
Seldom
There is no grass in the desert only blood. My 2nd pension in my industry means I can retire at 60 on the same rate as a level 20 Macr on the PA Spine (Including my AFPS 75) For 35 hours per week. We all have our own paths to tread and choices to make.
Those of you who are still in have no idea how high you can soar out here!
This is not a gloat but a simple case of stating the blindingly obvious.
Good luck.
TG
Good comment and that's a good pension. But one has to bear in mind that upon leaving at age 55 you won't be getting much of a top up if you venture into civvy street! It's unfortunate but although age discrimination is outlawed it is still abundant.
For those who are my age i.e. approaching 50 we are lucky as we will be amongst the last males to get state pension at age 65. After 2024 the age begins to rise year on year, my wife who is a little younger than me
won't receive hers until she is 68 and that's the same for my youngest Brother.Seldom
There is no grass in the desert only blood. My 2nd pension in my industry means I can retire at 60 on the same rate as a level 20 Macr on the PA Spine (Including my AFPS 75) For 35 hours per week. We all have our own paths to tread and choices to make.
Those of you who are still in have no idea how high you can soar out here!
This is not a gloat but a simple case of stating the blindingly obvious.
Good luck.
TG
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Ah but the MACr would have earned over £300000 in pension payments plus whatever he chooses to earn or as in the case of seldom not earn if he is to retire. If they have a private pension as well then I don't think they will be too badly off. Not sure I would want to do an early turn or late turn in winter at age 60. But as you have said you left 5 years ago before PAS came into force for NCA so I guess you are happy with your decision.
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Tommy The Tank Engine vs Timmy The Tristar
Gorilla,
Good to see your'e still enjoying life where the grass is greener; More to the point though....I bet that you see more in the way of tasty totty hopping onto to a train than you'll see bouncing onto any aircraft that still carries an Air Engineer!
Anyway.....Happy Anniversary!
CRPxGood!
Good to see your'e still enjoying life where the grass is greener; More to the point though....I bet that you see more in the way of tasty totty hopping onto to a train than you'll see bouncing onto any aircraft that still carries an Air Engineer!
Anyway.....Happy Anniversary!
CRPxGood!
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Pensions for the railways don't look too bad.
http://www.railwaypensions.co.uk/
Your pension
The basic aim of the scheme is to provide a pension and lump sum upon retirement. Retirement income is made up of a pension from the Railways Pension Scheme and your basic state pension.
http://www.railwaypensions.co.uk/
Your pension
The basic aim of the scheme is to provide a pension and lump sum upon retirement. Retirement income is made up of a pension from the Railways Pension Scheme and your basic state pension.
If:
- your final average pay is £25,000
- your first final average restructuring premium is £6,000 and your second is £3,000 and
- you have 30 years membership, 10 of which you have been getting your first restructuring premium and 5 of which you have been getting your second restructuring premium;
Your pension will be:
£25,000 - (1½ x £4,539.60) x 30 = £9,095.30
60
60
Inter Arma Enim Silentius Lex Legis
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Sam,
The Brass scheme which is the AVC part boosts the pension considerably and reduces my tax bill. Those who were pre 96 codgers (ex BR) get their Brass matched £ for £! Unfortunately I can't get 30 years service in, but this is offset by the fact that I am now in the management part of the final salary scheme and that a lot of Railway Ops Managers are on 6 figure sums! (Macr level)
Clear right,
Thanks mate hope all is well with you? Oh yes lots of scantily clad totty and now I am out doing cab rides on my guys I get to be able to pay more attention to it as well. Thet are just starting to appear like the daffodils, I am all for global warming.
Cheers
TG
The Brass scheme which is the AVC part boosts the pension considerably and reduces my tax bill. Those who were pre 96 codgers (ex BR) get their Brass matched £ for £! Unfortunately I can't get 30 years service in, but this is offset by the fact that I am now in the management part of the final salary scheme and that a lot of Railway Ops Managers are on 6 figure sums! (Macr level)
Clear right,
Thanks mate hope all is well with you? Oh yes lots of scantily clad totty and now I am out doing cab rides on my guys I get to be able to pay more attention to it as well. Thet are just starting to appear like the daffodils, I am all for global warming.
Cheers
TG
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Gorilla,
Paint it any way you like and if you're choice works for you I am happy for you but the supposition that you're grass is greener than mine is simply not true……… from my viewpoint anyway.
As I said I will retire at 55 with more than enough money to travel and never have to work again which is much better for me than having to stay employed to at least 60. Also I will avoid the worry that my job remains safe and that my pension doesn’t suddenly get restructured down, and what civilian nowadays has that sort of assurances! In the current financial climate with the potential for recession hiding just around the corner I would not post on here too smugly chap as, god forbid but the rug could be pulled from under you at any moment which at you’re age is not a very attractive prospect.
Paint it any way you like and if you're choice works for you I am happy for you but the supposition that you're grass is greener than mine is simply not true……… from my viewpoint anyway.
As I said I will retire at 55 with more than enough money to travel and never have to work again which is much better for me than having to stay employed to at least 60. Also I will avoid the worry that my job remains safe and that my pension doesn’t suddenly get restructured down, and what civilian nowadays has that sort of assurances! In the current financial climate with the potential for recession hiding just around the corner I would not post on here too smugly chap as, god forbid but the rug could be pulled from under you at any moment which at you’re age is not a very attractive prospect.
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Seldom check your PM's,
Quite right of course, but as I have said we all have our own destinies to fulfill. I could get 12 months notice of redundancy at any time as can you. I could die in a train crash tomorrow just as easily as one of your not fit for purpose jets could do the same to you.
Where those of us who left mid 40's score the most is that the majority of age 55 ex service retirees don't live to see 60 and that is what your actuarial tables are based upon. And I can name a lot of guys I worked with over the 28 years I was in who did exactly that.
Lifes a gamble of course, but the one thing you don't very often see on here is the vets complaining about life outside. Unlike of course the serving who have turned Pprune into a whinge site!
Back to the tracks now...
Good luck everyone.
Quite right of course, but as I have said we all have our own destinies to fulfill. I could get 12 months notice of redundancy at any time as can you. I could die in a train crash tomorrow just as easily as one of your not fit for purpose jets could do the same to you.
Where those of us who left mid 40's score the most is that the majority of age 55 ex service retirees don't live to see 60 and that is what your actuarial tables are based upon. And I can name a lot of guys I worked with over the 28 years I was in who did exactly that.
Lifes a gamble of course, but the one thing you don't very often see on here is the vets complaining about life outside. Unlike of course the serving who have turned Pprune into a whinge site!
Back to the tracks now...
Good luck everyone.
Last edited by The Gorilla; 27th Feb 2008 at 15:30.
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Gorilla, if you left just in the hope of living beyond 60 then I think your reasons were wrong.
Well you only have to look at the recent news to see that You never know when your time is up. . The man in question, god rest his soul, was only 43. I think it is a matter of how you see the job. If you live for the mess functions and a day out of uniform is a day wasted, then yes you probably would wither away after leaving.
Quite right too. Gypsy thieving bastards. Do you know how much it costs to have your goldfish looked at by one of these people? My local vet drives around in a Aston Martin.
I think you will find it is the ex RAF people on here who do all of the whining. Most of the serving are too busy to even care what is written on this site. At the end of the day it is not really that important.
the majority of age 55 ex service retirees don't live to see 60
one thing you don't very often see on here is the vets complaining about life outside
Unlike of course the serving who have turned Pprune into a whinge site!