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31st Jul 2012, 15:16
Replies: 163
Views: 34,795
Posted By Exiled

Al, My point is that a lot of people will...

Al,

My point is that a lot of people will assume that the accrual rate is linked to the Normal Retirement Age and would calculate their pensions based upon that.

In fact it's not, the rate...
31st Jul 2012, 14:41
Replies: 163
Views: 34,795
Posted By Exiled

Sounded good until I read: Normal Pension...

Sounded good until I read:

Normal Pension Age of 60, though pension can be taken earlier (from 55), actuarially reduced from the Deferred Pension Age, as it will be paid for longer.

Is it...
20th Sep 2011, 17:22
Replies: 20
Views: 7,206
Posted By Exiled

Why not go to Jermyn Street and get a wedgwood...

Why not go to Jermyn Street and get a wedgwood blue shirt? You don't need rank slides under your jacket. I got one from Hildtich and Key for my big day and have worn it with No. 1s ever since.
20th Sep 2011, 17:15
Replies: 23
Views: 3,147
Posted By Exiled

I can assure you that unless the guy has loooong...

I can assure you that unless the guy has loooong service (circa 30 years) he has nothing to worry about. Tell him to look up the DIN and work it out for himself. If he can't he should turn down...
26th Apr 2011, 11:01
Replies: 19
Views: 3,006
Posted By Exiled

In response to chopabeefer's query, the clause is...

In response to chopabeefer's query, the clause is within the Scheme's Perogative Instrument which can be found on the Defence Intranet/Admin/Armed Forces Pensions page. It reads:

(c) where...
24th Mar 2011, 13:59
Replies: 17
Views: 3,533
Posted By Exiled

I think that it is too early to say for sure what...

I think that it is too early to say for sure what will happen to people with service split between old and new schemes, however, the protection of accrued rights should mean that you have the right...
23rd Mar 2011, 18:04
Replies: 17
Views: 3,533
Posted By Exiled

Ken, The current AFPRB abatement of the...

Ken,
The current AFPRB abatement of the civilian pay comparator is 4%. However, Hutton specifically excluded the Armed Forces from the increase in contributions so we will not be affected...
23rd Mar 2011, 16:25
Replies: 17
Views: 3,533
Posted By Exiled

Al, Also of interest is the following, which is...

Al,
Also of interest is the following, which is taken from HMT's briefing material.

The Government accepts Lord Hutton’s
recommendations as a basis for consultation with public sector workers,...
5th Mar 2011, 20:53
Replies: 114
Views: 32,052
Posted By Exiled

We'll begin to know the answer to that on...

We'll begin to know the answer to that on Thursday when the Hutton report is published.
1st Mar 2011, 19:11
Replies: 114
Views: 32,052
Posted By Exiled

Restricted Management?

Is it just me or has someone forgotten to take the pre-announcement header and footer off the documents? How can something that is Restricted Management be issued to the whole Service?
28th Feb 2011, 16:18
Replies: 114
Views: 32,052
Posted By Exiled

Deconflicted so as not to spoil the lustre of the...

Deconflicted so as not to spoil the lustre of the Libyan op. Nice one Dave.
17th Feb 2011, 17:15
Replies: 38
Views: 12,790
Posted By Exiled

From what I can find out it appears that SPVA are...

From what I can find out it appears that SPVA are waiting for the introduction of a new contract next year, which will include the provision of a pension calculator. Bottom line is they have no...
16th Feb 2011, 22:36
Replies: 38
Views: 12,790
Posted By Exiled

Indie, noted thanks. Just to clarify, the...

Indie, noted thanks. Just to clarify, the calculator does not take account of the requirement to complete 5 years on tne spine to receive the pensions uplift?
16th Feb 2011, 21:37
Replies: 38
Views: 12,790
Posted By Exiled

Mighty Hunter, Quote "The pension calculator...

Mighty Hunter,

Quote "The pension calculator also has no plans to fairly represent those on Professional Aviator Spine because the people we are talking about are "too minimal" to represent a...
16th Feb 2011, 15:05
Replies: 38
Views: 12,790
Posted By Exiled

Hugh, Well done for having brought this up,...

Hugh,

Well done for having brought this up, and for following it through. One would have thought that SPVA would realise that sorting out any error now would save them a great deal of pain down...
15th Feb 2011, 11:35
Replies: 8
Views: 1,825
Posted By Exiled

I think that we are fortunate not to already have...

I think that we are fortunate not to already have a system of personal contributions which means that their introduction would be far from straightforward. The abatement of pay is not quite so...
15th Feb 2011, 10:46
Replies: 8
Views: 1,825
Posted By Exiled

Al, I think that it will all depend upon what...

Al,
I think that it will all depend upon what Hutton announces in his report before the next budget. I suspect that he will recommend that all public service pension schemes adopt an Average Salary...
8th Feb 2011, 08:50
Replies: 38
Views: 12,790
Posted By Exiled

Hugh, I can't help but feel that you are wrong...

Hugh,
I can't help but feel that you are wrong and you have a responsibility to ensure it is properly dealt with, particularly as you have raised it here. If there is a problem with the calculator...
7th Feb 2011, 16:46
Replies: 38
Views: 12,790
Posted By Exiled

Might I suggest that those who think that there...

Might I suggest that those who think that there might be a problem use the following route to ensure that it gets looked at ASAP?

Contact Details for SPVA Service Delivery Complaints...
9th Dec 2010, 16:38
Replies: 20
Views: 10,472
Posted By Exiled

Incremental Progression is unaffected by the pay...

Incremental Progression is unaffected by the pay freeze.
14th Jul 2010, 16:46
Replies: 28
Views: 13,454
Posted By Exiled

Melchett You are right. But this is the...

Melchett

You are right. But this is the source of the rumour that started the thread. The charge on the increase in pension value would be in-year.

As someone has already said, pensions...
14th Jul 2010, 14:42
Replies: 28
Views: 13,454
Posted By Exiled

This is all to do with the Annual Allowance

One of the things which was not picked up by most from the budget is the possibility that the Annual Allowance limits could be altered. The charge of a breach of the limits is 40%

You work out...
15th Jun 2010, 17:04
Replies: 13
Views: 4,664
Posted By Exiled

The pension accrual rates are 1/60 on the 75...

The pension accrual rates are 1/60 on the 75 scheme and 1/70 on the 05.

As a wise person suggested before, join the FPS and do not do anything before you have consulted them.
15th Jun 2010, 15:03
Replies: 57
Views: 15,522
Posted By Exiled

SofS for Defence had some interesting things to...

SofS for Defence had some interesting things to say on on the matter during Sundays Politics Show. It's on the iPlayer if you want to have a look.

In a nutshell he said that our pensions were...
11th Mar 2010, 08:29
Replies: 135
Views: 33,850
Posted By Exiled

Max P Thanks! I am not sure that the...

Max P

Thanks! I am not sure that the relevent documentation is available for general consumption but it will, no doubt make it into the JSP in due course. However, as has now been reported, the...
Showing results 1 to 25 of 27
 


 
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