Latest FRI rumour
 

The latest rumour I've heard mentions £100K (taxed) anybody else heard this one? (and more importantly can anyone substantiate it?)

I wouldn't be overly surprised at this figure as, from what I'm hearing, the RAF's two-winged pool seems to be haemorrhaging at the moment.

Yes ..... but only if you're an MP! :E

Tell you what Melchett. You vote for me....I get elected....we go halves!!!:\

FRI All Levels
 

Its not just the Flying steed's who need an incentive to stay, without the ginger's there will be nothing to punch holes with.

Certain trades are under-manned now in critical ranks and applications for termination are not drying up.

Lest we forget the engineer who make'th machine get airborne !!!

(spelling was optional on this entry....)

£100k FRI
 

A nice thought, Mrs Scott is already compiling her shopping list, but a targeted FRI will p*** off those that don't get it more than it will persuade people to stay. Besides, people's grieveances go way beyond money, they are to do with fighting wars with shoddy kit, constantly rotating through the desert, spineless leadership etc, the list is pretty endless. £59000 net for presumeably 5 years ROS is not a whole lot, unless you were planning on staying in anyway.

My intelligence (an oxymoron, surely?) says that it's still targeted at Sqn Ldrs at 38 anyway. God knows, we need a whole load more of those! I'd rather they gave it to the salt of the earth engineers any day, perhaps even bought some spares as well, then I could go flying.

I echo Ken's comments,

I have missed out on three FRIs two for the fish 'eads and one because I am not a Harrier Pilot. I am still here 20 years later and all the FRI recipients have pi$$ed off to Virgin etc!

Appears that the targeted FRI worked then; no need to target you as you were obviously going to stay anyway!

£100K and you will be bonded until the age of 87. :\

So in answer to the original question....it would appear there isn't anything new or concrete. Just a guess, but the annual pay review is usually finished sometime in Feb, so any announcements may be made on the back of that.

And can we take a guess at the rise? I'm betting on just about the rate of inflation. Sounds ok doesn't it.
That is until they put the quarters up by 5-14% ike last year. And that's not including the rises to Council Tax. Will someone please explain to me why we are paying £90 per month to have our bins emptied every fortnight and have the post delivered (sometimes). Especially when people living in the local area are paying at least £200 per year less for everything the Council provides, ie. sewage, roads, lighting, emergency services, schools and so on.:ugh:

Rant over!:mad:

Pay rise for 07 - 'about the rate of inflation' - I DOUBT IT!

RPI (yes RPI, not that other one Gordon Brown prefers because it is over 1% lower) is running at about 3.7% at the moment. What is the betting our pay rise is 3% or less (nurses offered 1.36% I think?) as part of the governments target to keep inflation/wage bill down - despite all the photocalls for the senior politicos in Afghanistan telling the boys what a "valued and important" job they are doing (and MPs asking for a 66% rise!!)!

Sorry - rant over!

Sorry Biggus, I reserve the right to be eternally hopeful :hmm:

Just like hoping that the powers that be will one day wake up and realise that the RAF has disappeared and they've done nothing to stop it from happening! Or rather that they've helped it happen! :=

'the powers that be will one day wake up and realise that the RAF has disappeared'

If only!

Apparently the new and wonderful FRI is targetted at Sqn Ldrs at their 38 point. Hopefully it will also encourage others to stay. I know there are several people that could have taken the old FRI recently but didn't, or are entitled to it over the next few months (the new deal starts on Apr 1st) but realise that the change to civvie is too lucrative; £29000 for 5 years is not worth staying.
Unless this new deal can be more flexible, say at least 5years return of service from 1 Apr 07, the RAF will lose everyone that has a 38 point during the next 5 months!

I believe the RAF hierarchy don't really appreciate how bad things are getting, or if they do they don't care. Just about everyone is either leaving, or planning to leave, even or especially, the young guys. The accountants might not see the problem in all the experienced people leaving as they earn the highest salaries, & they can still get new people in who earn a deal less - but they know nothing & take years to bring up to the standard of those they replace.

And yet they target Sqn Ldrs for the FRI, one of the less productive ranks in my opinion.

MDH can you expand ie how gen is this and how much pre tax - if 29K post tax then it is less than the current scheme (just).
Oggin

Not if you take National Insurance into account. I had heard that a continuance of the current scheme may be in the offing. And let's face it, £29k for an additional 6 years service (anyone going to take the PVR pay cut to get out at 43 with an option at 44?) just doesn't cut it.

Oh, and I suspect it's targeting sqn ldrs as, I assume, flt lts are being assimilated onto PAS?

Oggin, the old scheme is £50 000, taxed and NI = £29 600 net.
Rumours on the new, £100 000 gross, £59 000 net.
As BBD pointed out, thats not much for 6 extra years; infact, about the same as you would have got in pension if you'd left!
IMHO the only people who took the old FRI2 would have stayed beyond 38 anyway. If the new scheme is 6 figures it will be an incentive to stay.

As for PA, the board sits once per year. Last Sep, of the 27 Sqn Ldrs that applied, only were 4 accepted. I'm not sure of the Flt Lt numbers. So if you're planning to tell your poster "give me PA and I'll stay in", don't expect any promises!

Hello, Mr Branson?....

There was no NI deduction for FRI1, I got £13.2K 4 years ago (22K - 40% tax as I had 4 years to my 16 yr point).
Whether that's the case now...:confused:

MDH,

HP with the old scheme - I took FRI1 in 03 and am due FRI2 in Feb 08. Just curious (as anyone would be) if FRI2 will stay on or be scrapped or be replaced by another. I am actually thinking of leaving (lots of opportunities in Oz at the moment) however a 6 figure sum might do the trick for a few years. So any gen gratefully received.

Oggin