no at age 55, it gets ramped up to full pension entitlement based on years served/rank

index linked to inflation thereafter

under the old scheme (mine) anyway

i didn't commute a penny so get the full entitlement now. the gamble is to commute and use that cash to invest or not to commute and reap the long term benefits assuming you won't croak early.

Posted By: Tombs on January 15th 2024 at 21:15:57

Message Thread

Any ex-forces on here who left recently and are 60+ ? (n/m) (General Chat) - um_gah, Jan 15, 19:07:41
- Does something happen to your military pension (General Chat) - um_gah, Jan 15, 21:01:45
  - no at age 55, it gets ramped up to full pension entitlement based on years served/rank (General Chat) - Tombs, Jan 15, 21:15:57
    - Yep thats AFPS 75... entry closed for that 05/04/2005 (n/m) (General Chat) - promethian1, Jan 15, 21:20:17
      - yep and you get foreclosed off of it (commutation) after two years (General Chat) - Tombs, Jan 15, 21:24:25
        
        There is a bit in AFPS75 that refers to deferred Pension you can get at age 60 (General Chat) - promethian1, Jan 15, 21:27:32
        
        didn't know that cheers (General Chat) - Tombs, Jan 15, 21:32:09
        
        I'm with you there.. the AFPS 75 was a good scheme. (n/m) (General Chat) - promethian1, Jan 15, 21:35:04
        
        I will get lump sum if 85K and mil pension of 25K, rising to 32 at SPA, but not if (General Chat) - um_gah, Jan 15, 21:53:31
        
        Sounds strange... and as you are between 2 stools as far as Pension schemes (General Chat) - promethian1, Jan 15, 22:10:36
        
        Online pension calculator for you. Thanks (n/m) (General Chat) - um_gah, Jan 15, 22:11:49
        
        yep can't grumble at the pension scheme at all (n/m) (General Chat) - Tombs, Jan 15, 21:38:58
  - Only if you serve uo to age 60 or betond. (n/m) (General Chat) - promethian1, Jan 15, 21:05:49
    - Try again... only if you serve up to age 60 or beyond (n/m) (General Chat) - promethian1, Jan 15, 21:06:27
      - Was on 75 for 37 and half years then kicked across (General Chat) - um_gah, Jan 15, 21:34:46
        
        You must have LSGC medal and a few bars! (n/m) (General Chat) - promethian1, Jan 15, 21:41:08
        
        Yep 2 bars.. (n/m) (General Chat) - um_gah, Jan 15, 21:44:18
        
        Congrats... much respect. (n/m) (General Chat) - promethian1, Jan 15, 21:46:37
      - Having said that... it may depend on which pension scheme you are in (n/m) (General Chat) - promethian1, Jan 15, 21:08:11
        
        this page is quite good.... (General Chat) - promethian1, Jan 15, 21:09:51
        
        Saw that and tempted to join it.. (n/m) (General Chat) - um_gah, Jan 15, 21:36:02
- me (n/m) (General Chat) - promethian1, Jan 15, 20:58:16
  - Can vouch, listen to Prom and Mr Tombs. Make me proud to support the armed forces. (n/m) (General Chat) - DrDublin, Jan 15, 20:59:44
    - Evening Sir Dubbington... you are a good sort and I'm proud to say so... (n/m) (General Chat) - promethian1, Jan 15, 21:03:52
      - Awww, do my best Lord Prom sir. xx Lets do CoD next sat if you're around. x (n/m) (General Chat) - DrDublin, Jan 15, 22:22:34
- I can certainly try to answer on behalf... (General Chat) - DrDublin, Jan 15, 20:38:26
- Tomby fits that criteria (General Chat) - Jumbo1, Jan 15, 19:41:22
  - far cough (General Chat) - Tombs, Jan 15, 19:48:00
    - oh and um gah, (General Chat) - Tombs, Jan 15, 19:55:04

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