Armed Forces pension

[Seldomfitforpurpose]

Did those two Wg Cdrs do something naughty at some stage

[Melchett01]

Of interest I wonder if anyone will sue for constructive dismissal and/or unfair renumeration if they are not permitted to serve until 55 under AFPS 05, will be an interesting ruling........

I'm just wondering if they will eventually raise the retirement age from 55 - 60. I know the military is a young man's game, but with the move to retiring later and the constant encouragement to work until you drop, sorry, for as long as you would like to and feel you have a contribution to make to society, then pushing retirement back to 60 would seem to fit in with the Government's broader intentions.

Ironically, it might also keep a few extra people in, thus getting the benefit of the wisdom, experience and sheer native cunning won over years of dodging the enemy and the desk officer. After all, in the current climate retiring at 55 will leave most people wondering what to do for the next 5-10 years. Unless you have specialist skills or have reached a high enough rank to be attractive to industry for your contacts in the system, most of us will be sitting there wondering what's next while we wait for the official state retirement. Another 5 years of guaranteed income would probably be seen as an attractive option for some no doubt.

[Stuff]

Of interest I wonder if anyone will sue for constructive dismissal and/or unfair renumeration if they are not permitted to serve until 55 under AFPS 05, will be an interesting ruling........

I wondered the same thing but when I googled employment law I found that:

You can’t make a complaint of unfair dismissal if you are a:

What to do if you are unfairly dismissed : Directgov - Employment

[Quazzi]

will there still be the option to commute part of the pension into a larger tax free lump sum post apr 2015?

[CAC Runaway]

Not me fella. I will be wondering on my PAS Pension, do I actually have to get up this morning? Not really, you see if I earn a couple of hundred more per year I will be in the 40% tax bracket again. Who needs that?

Thanks for that useful addition to the discussion you arrogant to$$er. I can see from your other posts on this site that you provide nothing but ridicule and sarcasm to this forum. Bet you were the crew room knob on your station.

[Kreuger flap]

Your just jealous. Anyway its my thread so I'll write what I like.

[VinRouge]

Kruger, dont worry, your generation will be dribbling in your pea soup in care homes when mine will be able to return the favour for all the intergenerational theft thats gone on over the last 30 years!

Think the younger generation are getting screwed over a barrel right now? Just see what we can think up between now and then!

[downsizer]

Is there any ground for legal challenge in the fact that transfer to AFPS15 is mandatory for those on AFPS75 (and 05)??

[bootscooter]

....or what about those that transfered to 05 on the basis of the pension calculator and will not receive the figures that made them do so? Will they be able to revert to '75?

[Reverend 71]

From what I recall from a pensions brief to PSF staffs recently, the resettlement commutation is an accrued right and therefore should be available to individuals after the new scheme is introduced for the AFPS 75 element of their pension. Service to age 60 is being looked at by the New Employment Model Team and is more a Terms and Conditions of Service issue than a pension one, though they are clearly very closely linked. As for PAS, I would expect that you would still have to complete your 5 yrs ROS. Once completed the supplements you earned up to the introduction of the new scheme would be paid as part of your AFPS 75 pension with the remainder paid as part of your career average earnings pension.

[Melchett01]

Not me fella. I will be wondering on my PAS Pension, do I actually have to get up this morning?

I guess you just lacked the specialist skills or didn't get promoted - off to Tesco to stack shelves for you then

[Ken Scott]

I guess you just lacked the specialist skills or didn't get promoted

Actually I thought that was the point of PAS - the RAF's need to retain your specialist flying skills. The Air Force is pretty full of SOs doing really important administrative jobs behind comfy desks so it needs some experienced aircrew to actually operate its aircraft with some continuity avoiding the whirligig of 2 yearly postings.

[Kreuger flap]

Being a blunty he wont know what PAS is Ken. Nor will he ever experience its advantages of not having to organise endless Summer Balls to get promoted to Sqn Ldr in order to be given all the crappy jobs that the Wg Cmdr doesn't want to do, whilst still leaving with a Wg Cdrs Pension.

As for working in Tesco, Aldi actually pay better hourly rates but why would I want to pay 40% tax?

[Party Animal]

Is there any ground for legal challenge in the fact that transfer to AFPS15 is mandatory for those on AFPS75 (and 05)??

I currently have no access to the DIN or any other official way of seeing the paperwork, hence this quick question. If you have less than 10 years to your 55 point from 1 Apr 15, then do you just stay on your current pension scheme with no changes? Or if it is mandatory for everyone serving to transfer to AFPS15? If so, how will it work out that those within 10 years should see no changes to planned and expected pension deals?

That of course 'assumes' there is even any mention of plans for those with less than 10 years to go...

[Kreuger flap]

This is directly from the DIN.

Additionally, all members of Public Service Pension Schemes within 10 years of their Normal Pension Age on 1 Apr 12 will see no change to the amount of pension they will receive or the time at which it can be drawn. This means that:
• Members of AFPS 75 and AFPS 05 who are aged 45 or over on 1 Apr 12 will be able to remain on their current pension schemes and their benefits will be unaffected; and

ll Service personnel who are aged under 45 on 1 Apr 12 will be automatically enrolled into new AFPS when the new scheme starts. Thereafter, any further pension rights they earn will be in the new scheme.

Hope that helps.

[Chinny Crewman]

will there still be the option to commute part of the pension into a larger tax free lump sum post apr 2015?

Yes having read through the DIN my understanding is that anything accrued before 2015 is the same after so if you have served 19 yrs of a 22 yr engagement in 2015 and then serve 3 more years in 2017 you will get 19/22 of your pension including the ability to commute with the last 3 years under the new scheme payable at some time to be decided.

Whilst I have no intention of spending my entire Friday evening/weekend looking at the DIN I do have access to it and have read it so if anyone who can't get sight of it and has any basic questions I will try and oblige.

[Seldomfitforpurpose]

Originally Posted by Melchett01

I guess you just lacked the specialist skills or didn't get promoted - off to Tesco to stack shelves for you then

Thick as mince here and a Baldrick all my days but should get just over 33k a year as a pension and 3 times that as a hand out.......stacking shelves my arris I will be on a permanent holiday

[Melchett01]

SFFP - I do like a man with a plan

Kreuger - was that a bite or merely a nibble?

[Ken Scott]

should get just over 33k a year as a pension and 3 times that as a hand out

SFFP: I hope for your sake (and all of ours) that that 'nice' Mr Osbourne doesn't decide to tax gratuities in his forthcoming budget....

[Seldomfitforpurpose]

Originally Posted by Ken Scott

SFFP: I hope for your sake (and all of ours) that that 'nice' Mr Osbourne doesn't decide to tax gratuities in his forthcoming budget....

Ken,

A Irish friend of mine sums up life for me when he says "it is what it is" so if George does then he does