UK Armed Forces Pension Review--?
Thread Starter
Join Date: Sep 2001
Location: USA
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts
UK Armed Forces Pension Review--?
Gentlemen
Can anybody update me as to where we are with the Armed Forces Pension review/ rehash. I am currently stateside and I dont get the "grapevine / crewroom" info.
When is it be expected to be in place?
Is it expected that the final pension will be in the region of 50% of the best year in the last three?
How will gratuities be affected?
Would appreciate any grapevine info.
MLU
Can anybody update me as to where we are with the Armed Forces Pension review/ rehash. I am currently stateside and I dont get the "grapevine / crewroom" info.
When is it be expected to be in place?
Is it expected that the final pension will be in the region of 50% of the best year in the last three?
How will gratuities be affected?
Would appreciate any grapevine info.
MLU
Join Date: May 2002
Location: preston
Posts: 433
Likes: 0
Received 0 Likes
on
0 Posts
pensions
i left in october. last i heard was that the treasury and mod were looking to make qualifying time for pension the same for all ranks. plan was to make it 20 years instad of 18 for officers and 22 for the troops. i was gobsmacked when i heard, i thought treasury would change it to 22 for everyone.
There was a thread on here that quoted the Torygraph. The gist of the tale was that the MoD had submitted plans to change our pensions but El Presidente said NO! Go away and rethink your stratagem he said. Hurrah I said.
Whilst we are on the subject of dosh, anyone heard anything about the Professional Aviators Pay Spine yet? An announcement would be made "in the summer". Wimbledon is on so it must be the summer now.
Whilst we are on the subject of dosh, anyone heard anything about the Professional Aviators Pay Spine yet? An announcement would be made "in the summer". Wimbledon is on so it must be the summer now.
Gentleman Aviator
Canberra (note initial capital letter)
I'd be surprised if we got immediate pensions at 20 years. My information is that the Treasury are VERY anti any permanent immediate (rather that preserved) pensions before a "normal" retirement age. They wanted 40 years (!!!!) and the services were indeed pressing for 20 as a compromise between the 38/16 and the 22.
There seem to be a number of new things coming out around the 30 years service mark, so may be that'll be the compromise.
And perhaps we'll also get around the "officers' pensionsable service doesn't start until age 21" nonsense. And then there's the pensionability of flying pay ...............................
I'd be surprised if we got immediate pensions at 20 years. My information is that the Treasury are VERY anti any permanent immediate (rather that preserved) pensions before a "normal" retirement age. They wanted 40 years (!!!!) and the services were indeed pressing for 20 as a compromise between the 38/16 and the 22.
There seem to be a number of new things coming out around the 30 years service mark, so may be that'll be the compromise.
And perhaps we'll also get around the "officers' pensionsable service doesn't start until age 21" nonsense. And then there's the pensionability of flying pay ...............................
