ALM, 8 year Engagement in the 80s: any pension?
Thread Starter
ALM, 8 year Engagement in the 80s: any pension?
I did the 8 and left in '87, with a small gratuity: will I cop for a pension in the future?
The further away from 50 I get, the more every little is likely to help! I realise it's a niche question, but all advice gratefully accepted. Ta.
CG
The further away from 50 I get, the more every little is likely to help! I realise it's a niche question, but all advice gratefully accepted. Ta.
CG
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Somewhere at home I have a piece of paper that says something about receiving and annual payment of £1700ish per year after my retirement. I did ten years. IIRC it's not a pension but it'll help pay my property taxes every year... 
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If I recall correctly you should also get a lump sum of 3x the annual payment, because my pension paperwork says something like £4800 payment then £1600 per annum, I'm looking forward to spending that I can tell you. By the way I did 8 years before redundancy.
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You should get a pension plus a lump sum of 3 times the pension. but will have to wait till you are 60 for it and will need to claim as they will automatically pay the pension to you. Claima few months before your 60th to get it paid straight away.
Find out about Preserved Pensions
Find out about Preserved Pensions
Who can I contact for further information? (updated 10/09/07)
In the first instance you should contact your unit admin office. An alternative contact is:
The JPAC Enquiry Centre – For personal specific questions relating to all schemes including pension sharing orders and life commutation estimates.
Email: JPAC AT spva.mod.uk
Tel: Freephone: 0800 085 3600 MOD: 94560 3600
Overseas: +44 141 224 3600
Address: JPAC Enquiry Centre,
Mail Point 403, Kentigern House, 65 Brown Street, GLASGOW, G2 8EX
In the first instance you should contact your unit admin office. An alternative contact is:
The JPAC Enquiry Centre – For personal specific questions relating to all schemes including pension sharing orders and life commutation estimates.
Email: JPAC AT spva.mod.uk
Tel: Freephone: 0800 085 3600 MOD: 94560 3600
Overseas: +44 141 224 3600
Address: JPAC Enquiry Centre,
Mail Point 403, Kentigern House, 65 Brown Street, GLASGOW, G2 8EX
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No problem AA
My old man served from 1964 - Aug 1975 (Cpl Camera Fit) and never thought he would get a pension as the scheme changed as of 1 Apr 1975. After a lot of persuading he finally got around to sending off his appilcation a few months after his 60th. As he had only been in the 75 pension from Apr - Aug, I thought he might get a couple of hundred a year. But to our surprise he got the full 9 years worth of the pension - in his case about £4000 plus £12000 lumps sum.
Just wonder how many others are in the same situation and never got around to claiming thinking it wasn't worth it....
My old man served from 1964 - Aug 1975 (Cpl Camera Fit) and never thought he would get a pension as the scheme changed as of 1 Apr 1975. After a lot of persuading he finally got around to sending off his appilcation a few months after his 60th. As he had only been in the 75 pension from Apr - Aug, I thought he might get a couple of hundred a year. But to our surprise he got the full 9 years worth of the pension - in his case about £4000 plus £12000 lumps sum.
Just wonder how many others are in the same situation and never got around to claiming thinking it wasn't worth it....
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A point from Nov 4's post - I don't think there is anything auto about it and you must apply for YOUR pension in order for it to be paid to you.
If this was not the point then I apologise - there is lots of other good info on the later post to do with JPAC.
Q. Is this part of the system's system hoping that you might forget about your pension or, unfortunately, depart for Heavenly shores before then?
My A. Probably so, but it would be very, very hard to keep track of all ex-personnel as they age.
If it applied, make sure you get your letter sent off before your 6oth.
G
PS How many people realised that MPs got upto £60000 as a grant on resettlement ?
If this was not the point then I apologise - there is lots of other good info on the later post to do with JPAC.
Q. Is this part of the system's system hoping that you might forget about your pension or, unfortunately, depart for Heavenly shores before then?
My A. Probably so, but it would be very, very hard to keep track of all ex-personnel as they age.
If it applied, make sure you get your letter sent off before your 6oth.
G
PS How many people realised that MPs got upto £60000 as a grant on resettlement ?
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I've moaned about this on here before, but what annoys me is that although I did 12 years commissioned service before taking redundancy in 1977, I only get 9/16 of a 38 year point pension, as 3 of those years were served before my 21st birthday. As I was on active service at age 19, commanding airmen of the same age who were clocking up pension entitlement, I cant help thinking that this bit of discrimination against officers is long overdue for scrapping.
I'm not holding my breath though (makes me dizzy, anyway)
I'm not holding my breath though (makes me dizzy, anyway
)
CG
Were you not given any paperwork relating to a pension when you left?
I did 10 years and on leaving in 1981 was given a small (about 1/4 A4 size) piece of paper with my future pension entitlement typed on it. Confirming a gratuity of 3X annual pension. It also had the address of the office to contact at 59 and a half years, however that address is Innsworth, so thank goodness for the internet, otherwise I wouldn't know where to claim from.
My question is, is the preserved pension index-linked or is my pension really going to be £845 pa.?
Were you not given any paperwork relating to a pension when you left?
I did 10 years and on leaving in 1981 was given a small (about 1/4 A4 size) piece of paper with my future pension entitlement typed on it. Confirming a gratuity of 3X annual pension. It also had the address of the office to contact at 59 and a half years, however that address is Innsworth, so thank goodness for the internet, otherwise I wouldn't know where to claim from.
My question is, is the preserved pension index-linked or is my pension really going to be £845 pa.?
Thread Starter
Wub
Yes, well probably! However, I seem to remember forming the view that, since I had a gratuity at the time (I was DE airman aircrew and finished my engagement), I had been, 'paid off'.
Reading on Pprune made me think I should check. I am certain, however, that I had no pension statement such as you describe.
Yes, well probably! However, I seem to remember forming the view that, since I had a gratuity at the time (I was DE airman aircrew and finished my engagement), I had been, 'paid off'.
Reading on Pprune made me think I should check. I am certain, however, that I had no pension statement such as you describe.
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CG
I did 10 years in the RAF and left in 1989 as a Flt Lt with 4 years seniority after what I thought was a non-pensionable engagement as I thought I needed to get to 16 years service or age 38 to qualify for a pension.
I was 19 when commissioned and left aged 29 having been commissioned for 10 years and 2 months. I started out as a GD/P and then had my wings "clipped" and became a GD/G (ATCO) for the remaining 7 years or so.
Are you saying the new rules could entitle me to a preserved pension at age 60? If so I would say there are literally 1,000's out there for whom this will be un-expected good news.......
Thanks for spreading the word to fellow PPRuNers.
MB
I did 10 years in the RAF and left in 1989 as a Flt Lt with 4 years seniority after what I thought was a non-pensionable engagement as I thought I needed to get to 16 years service or age 38 to qualify for a pension.
I was 19 when commissioned and left aged 29 having been commissioned for 10 years and 2 months. I started out as a GD/P and then had my wings "clipped" and became a GD/G (ATCO) for the remaining 7 years or so.
Are you saying the new rules could entitle me to a preserved pension at age 60? If so I would say there are literally 1,000's out there for whom this will be un-expected good news.......
Thanks for spreading the word to fellow PPRuNers.
MB
Looks like you will, Madbob, but see my post no 11 above. Your first two years commissioned service wont count, only those from your 21st birthday. Never could see the logic behind that one.
Tankertrashnav,
Not an expert but this has been dealt with before on the AFPS75/05 thread. IIRC it is because your pension accrual accelerates at a quicker percentage rate than ORs up to a certain point where they are then in paralell. The Armed Forces Pension Society answered this question with roughly the same choice of words when they were asked in open forum discussion, remember, these people are completely independent with only one goal, to ensure Armed Forces Pensioins are correctly paid so although you, like I, find it difficult to fathom, I am assured all is well. This only applies to AFPS 75, AFPS 05 is a different calculation method as I am AFPS 75 I have not paid as much attention to 05 but I do know it is a "true" final salary scheme with an adjustment for total time served.
Madbob,
Your 16/38 is your Immediate Pension Point (IPP), the point at which you can draw dosh straight away. There is minimum time to serve to qualify for your preserved(?) pension, 9 years I think and then an adjustment is made for the amount of reckonable service over 18 for ORs and over 21 for Officers. 05 I I don't know.
Not an expert but this has been dealt with before on the AFPS75/05 thread. IIRC it is because your pension accrual accelerates at a quicker percentage rate than ORs up to a certain point where they are then in paralell. The Armed Forces Pension Society answered this question with roughly the same choice of words when they were asked in open forum discussion, remember, these people are completely independent with only one goal, to ensure Armed Forces Pensioins are correctly paid so although you, like I, find it difficult to fathom, I am assured all is well. This only applies to AFPS 75, AFPS 05 is a different calculation method as I am AFPS 75 I have not paid as much attention to 05 but I do know it is a "true" final salary scheme with an adjustment for total time served.
Madbob,
Your 16/38 is your Immediate Pension Point (IPP), the point at which you can draw dosh straight away. There is minimum time to serve to qualify for your preserved(?) pension, 9 years I think and then an adjustment is made for the amount of reckonable service over 18 for ORs and over 21 for Officers. 05 I I don't know.
Thanks for the explanation SL. If this is the case fair enough - however I wonder why no-one at the pensions end has ever explained this to me, and I suspect thousands of other retired officers nursing a quiet grievance. I shouldnt moan anyway, I came out under the terms of the 1975 redundancy scheme which meant I started drawing a pension straight away at the ripe old age of 30, even though it was frozen until my 55th birthday (not 60th).
