Soon To Leave
Proud To Serve
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Anyone else heard the rumours we are to have a pay freeze and be forced to contribute towards our 'gold-plated' pensions?
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Armed Forces hit by emergency budget?
- Thread starter Soon To Leave
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DT_Xtremez_41:rugby then work
Cider Drinker
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I wouldn't be surprised about the pay freeze, but not sure about the pension bit as wouldn't that be changing our terms of service.
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tacadmin
Guest
I'm not worried about the pension rumour. New recruits.... maybe.
A pay freeze wouldn't be so bad, compared with the rumours of slashes across the public sector. Would they dare slash our pay??
A pay freeze wouldn't be so bad, compared with the rumours of slashes across the public sector. Would they dare slash our pay??
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NotAnIDOYet
Guest
It would be one way of paying the increased op allowance!
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tacadmin
Guest
It sure would. The cynic inside me did think about whether or not that was a sweetner for bad news to come.......
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I thought you contributed a certain amount to the pension, it might not appear on your payslip as such.
As an aside here in the nhs your final salary pension is taken on your last 2 years, so you seeist people trying to do as many weekends and unsocial hours as possible in the last 2 years. Maybe this is summat the government will look at and get the final pension based on our basic salary.
As an aside here in the nhs your final salary pension is taken on your last 2 years, so you seeist people trying to do as many weekends and unsocial hours as possible in the last 2 years. Maybe this is summat the government will look at and get the final pension based on our basic salary.
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tacadmin
Guest
AF Pensions are non-contributary. How do you contribute if it's not on your pay statement?
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The Masked Geek
Guest
Like this:
Airman is worth £20,000 per year.
Pension takes 7% leaving £18600.
X-Factor is added @ 13% giving £21018 which you see in your pay packet.
Government match your 7% contribution, giving you an annual pension contribution of £2800.
Therefore, they are contributary, you just never see the cash come out.
Or, look at it another way: they just pay you 7% less than what you are worth to cover 50% of your pension.
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Also heard the bit about pensions from another source. Depends how much/what percentage they are going to expect us to pay
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So they could give you a pay freeze and up your contributions thus reducing your wages or give you a payrise and increasing your pension contributions. Would look good for purposes.
I'd quite happily accept a freeze or a slight cut, BUT ONLY IF.....they lift the freezes on everything. We have unfilled posts because of the financial restrictions and the civil servant freeze. We're starting to come unstuck. Something is going to go wrong.....
Got to be looked at but how will it affect us?.....it will deffo affect the newbies (pensions) and a pay freeze for all but the lower ranks for next year (apart from going up a level) - not sure about pensions for those already in...although I am sure they will find some way of doing it...the country is up sh!t creek and the forces will not be exempt from 'helping' out.....
standby to standby......
Let's hope that's true, I don't mind "Helping out"with my pension from now on but what I've already accrued is mine, HANDS OFF!
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How about nobody receives their pension until they are 50. Sounds harsh, could the Tories get away with , dont know. But they said everybody was going to suffer.
Not sure if anyone here saw it, but on the Politics Show on BBC, on the 13th June 2010, Liam Fox was being grilled by the presenter.
One of the questions put to Liam Fox was along the lines of.........Armed Forces Pensions are non-contributory, therefore why can't they be looked at, in order to save some cash and why does the Armed Forces still have this type of "free" pension.
Liam Fox was VERY CLEAR in his answer, he said very firmly, Armed Forces personnel are NOT LIKE ANY OTHER employee, that the country expects its Armed Forces to put their lives down for the Country and that he was NOT, under ANY circumstances looking at the Armed Forces Pension.
I have looked for links and the only one I can find does not do justice to what and how he said it.
However, it does make a note of it.
Hopefully, someone else saw the interview and can support my post.
http://www.ukwirednews.com/news.php/67055-Troop-numbers-cut-not-ruled-out-by-defence-secretary
One of the questions put to Liam Fox was along the lines of.........Armed Forces Pensions are non-contributory, therefore why can't they be looked at, in order to save some cash and why does the Armed Forces still have this type of "free" pension.
Liam Fox was VERY CLEAR in his answer, he said very firmly, Armed Forces personnel are NOT LIKE ANY OTHER employee, that the country expects its Armed Forces to put their lives down for the Country and that he was NOT, under ANY circumstances looking at the Armed Forces Pension.
I have looked for links and the only one I can find does not do justice to what and how he said it.
However, it does make a note of it.
Hopefully, someone else saw the interview and can support my post.
http://www.ukwirednews.com/news.php/67055-Troop-numbers-cut-not-ruled-out-by-defence-secretary