Career Spine Pension Enhancement
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Join Date: Oct 1999
Location: Norwich,Norfolk,UK
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Career Spine Pension Enhancement
There was a very hot rumour a couple of months ago that the Career Spine pension was in for an overhaul so as to finally address the retention problem for CS Sqn Ldrs at their 38/44 yr points. Do any of the High Wycombe insiders know anything? Last I heard was that it was, indeed, a good deal but it had to get past Treasury scrutiny.
Join Date: Jul 2005
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You can't 'opt out of CS and join PAS', you have to request a transfer and then are boarded with everyone else. Perhaps some of these CS sqn ldrs just would like to be paid the same as a PAS flt lt; currently, they might not be.
Duncs
(PAS)
Duncs
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Speak to your poster. A Paper is being written at the moment to address the CS vs PAS issue. Still in draft I believe at the moment, but watch out for the next AFPRB report, there are likely to be some significant changes.
GB2
GB2
2 sources in Manning told me about the plan for PAS 2009 - still on the drawing board but I understand that it would put every SO2/SO3 aircrew onto PAS. One of them also mentioned SO1! But I may have misunderstood.
Still has to get past the Centre and Bean Counters though...
Still has to get past the Centre and Bean Counters though...
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"PAS 2009"
This has been rumoured and talked about for a LONG time - I remember discussing the rumour with a colleague some 4 years ago! Either they're having REAL trouble getting it past the beancounters, or they're just dangling a carrot on an ever-extending stick, hoping people will stick it out and see if it ever comes to fruition.
...or maybe it's both.....?
This has been rumoured and talked about for a LONG time - I remember discussing the rumour with a colleague some 4 years ago! Either they're having REAL trouble getting it past the beancounters, or they're just dangling a carrot on an ever-extending stick, hoping people will stick it out and see if it ever comes to fruition.
...or maybe it's both.....?
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Remember the title of this thread: "Career Spine Pension Enhancement".
From what I've heard, PAS2009 will not be associated by another offer to transfer to the new pension scheme. So if you stayed on AFPS75, PAS2009 won't do much for your pension - so don't hold your breath.
Given the poor take up of AFPS05, PAS2009 will only really balance the field from about 2025 when everyone approaching their option will be on AFPS05.
From what I've heard, PAS2009 will not be associated by another offer to transfer to the new pension scheme. So if you stayed on AFPS75, PAS2009 won't do much for your pension - so don't hold your breath.
Given the poor take up of AFPS05, PAS2009 will only really balance the field from about 2025 when everyone approaching their option will be on AFPS05.
