PVR Question

[dangerous jonah]

Is it true you lose 10% of ya pension when u PVR post 22 year point?

saw this on pprune and was a little confused as never heard it before.

cheers all

dj

ps lets all get mashed on oct 23rd(post SDR) as we may all be out of a job...

 

[ForgottenName]

Is it true you lose 10% of ya pension when u PVR post 22 year point?

saw this on pprune and was a little confused as never heard it before.

cheers all

dj

ps lets all get mashed on oct 23rd(post SDR) as we may all be out of a job...

No it is not true. Not sure where that came from?

 

[dangerous jonah]

lets hope so, reading between the lines i think it may have been an officer thing and not us mere pond lifers
dj

 

[roadrunner]

Try typing it into the pension calculator!

 

[Belle and Sebastian]

Pension stuff

Pension stuff

It might not be 10%, but you certainly lose some of it. AFAIK, it goes like this.

If you have, for example, 28 years of service and are leaving on normal terms (ie, not PVR), then you'll get the full 28 year pension packge. However, if you PVR, then you'll lose a couple of years of qualifying pension. In this case, you'll get 26 years of pension.

As previous mentioned, try punching the info into the pension calculator with normal leaving and PVR leaving terms and you'll see the differences.

 

[dangerous jonah]

will get right on it and post results in good time
dj

 

[dangerous jonah]

checked on pension calc and it appears to me to make no difference , the calc doesnt even ask what engagment on so cant know if you are leaving early or not, you just have to complete 22 to get pension.

leaving at 23 out of 30 appears to pay more not less than leaving on completion of 22 of 22 engagement,

makes sense really as you had more service not less

still not 100% tho

open to the floor....

 

[Realist78]

It might not be 10%, but you certainly lose some of it. AFAIK, it goes like this.

If you have, for example, 28 years of service and are leaving on normal terms (ie, not PVR), then you'll get the full 28 year pension packge. However, if you PVR, then you'll lose a couple of years of qualifying pension. In this case, you'll get 26 years of pension.

As previous mentioned, try punching the info into the pension calculator with normal leaving and PVR leaving terms and you'll see the differences.

There is no option to do this on the calculator.

 

[dangerous jonah]

thats just wot i thoughtDT_Xtremez_30:

 

[FOMz]

How about if you leave at 22 point, you get 22 years worth of pension. If yo leave at 25 you get 25 years of pension... etc etc.

 

[dangerous jonah]

BEL and SEBDT_Xtremez_30:

it appears there is a uprising that says your talking bol..x

come on, reply and defend your info

or admit defeat

djDT_Xtremez_34:

 

[Humble Scribe]

I do believe that there are seperate rates for Officers who PVR; so it is true to a certain extent.

 

[busby1971]

Officers only

Officers only

If an officer does not leave at his or her usual exit point then they take a small dip in pension.

Does not apply to airmen.

 

[Belle and Sebastian]

It's me

It's me

I've been asked to defend my position.....

If I input my details on the pensions calculator and state differing leaving dates according to my position then I get different levels of dosh. Nuff sed.

 

[Realist78]

I've been asked to defend my position.....

If I input my details on the pensions calculator and state differing leaving dates according to my position then I get different levels of dosh. Nuff sed.

So, where is the button that says 'are you going out on PVR etc'? The amounts calculated are based on time served and rank/final salary.

 

[dangerous jonah]

So, where is the button that says 'are you going out on PVR etc'? The amounts calculated are based on time served and rank/final salary.

as above with bells on...DT_Xtremez_34:

 

[Mickwreay]

It might not be 10%, but you certainly lose some of it. AFAIK, it goes like this.

If you have, for example, 28 years of service and are leaving on normal terms (ie, not PVR), then you'll get the full 28 year pension packge. However, if you PVR, then you'll lose a couple of years of qualifying pension. In this case, you'll get 26 years of pension.

As previous mentioned, try punching the info into the pension calculator with normal leaving and PVR leaving terms and you'll see the differences.

The pension calculator does not ask if you've PVRd!!

Simply start & end date.

 

[Sospan]

The pension calculator does not ask if you've PVRd!!

Simply start & end date.

It does at Question 5.4 if you are an Officer.

 

[Mickwreay]

It does at Question 5.4 if you are an Officer.

But I'm not

Mick

 

[Realist78]

It does at Question 5.4 if you are an Officer.

Fair point given that 25% approx of us are Commissioned Officers!!!!! But that's another rant!