Early Gratuity/ lump sum with a ROS

[applecruncher]

Could just be another rumour, but heard that as a manning lever they are considering offering those in brackets that are particularly short early gratuities/ lump sums to keep them in. The gotcha is the bit nobody can predict... would you sign a return of service, for say 5 years, thus accruing another 5 years of lump sum for when you leave.
Not sure what I'd do, as it's a total curve ball, be nice to pay off the mortgage and all that, but would it be enough for the family to see me away as often as we are going away now....... Ultimately it isn't my personal decision, it's the wife's now.
what are your thoughts, sheer genius by Manning, or dirty tactics to try and stop the outflow?

 

[4everAD]

Desperate times heh? Not sure how it would work, there's guaranteed to be tax implications as you're not taking it aseems part of your pension. If there was not negative effect then I'd consider signing on for a ros of 5 years for a hefty lump sum early.

 

[E E E E E E E E AR]

Would. I. Fúckers.

I don't know how they've been so blind to how effective the pension trap was, up to this point.

If you're going to give young trainees a mass of quals and decent workplace experience to the point where they're being headhunted, then turn around and say "Well, you could have a semi-good pension but only if you get promoted to Sgt and signed on to LOS30", surely exodus is obvious?

 

[StickyFingers]

Problem is their pensions are fine, they don't care.

And the senior managers seem to think people are driven by duty and service before self.

Where the majority of folk are in it for the money and only the money.

But how would you know when everyone below you in the chain are arse licking yes men pushing for their own promotions.

 

[Digzster]

It would be interesting to see if ROS would stand up in court.

A few years ago, certain specialists in my trade were told that to get specialized expensive courses acknowledged in civil life, an ROS would have to be signed. Once signed and courses completed, the personnel were soon headhunted by civvie street and put their notice in to go to better wages & conditions.

The RAF did nothing to uphold the ROS. Did this mean that they knew they would lose?

 

[rocket scientist]

My exit date is exactly that - I'm planning my future around it and like applecruncher says, I've promised the wife.

 

[Keyser Söze]

It would be interesting to see if ROS would stand up in court.

A few years ago, certain specialists in my trade were told that to get specialized expensive courses acknowledged in civil life, an ROS would have to be signed. Once signed and courses completed, the personnel were soon headhunted by civvie street and put their notice in to go to better wages & conditions.

The RAF did nothing to uphold the ROS. Did this mean that they knew they would lose?

ROS or 'Bonding' after an employer has invested money on an employee training course, is an emotive topic.

However as far as I'm aware they are legally binding. I work in the civil aviation sector and signing a 'bonding' contract for every aircraft type course is routine within this sector - although it p*sses me off because these courses are a prerequisite for signing off aircraft work. I guess its whether there is an appetite on the part of the employer to enforce the conditions within the contract.