Let's bury the news - Dads Army new pension deal
Discussion
Steve Zodiac said:
Welcome to the real world!!Presumably they can leave earlier than age 60 and either take an actuarially reduced pension or defer taking their pension until they are 60.
This remains non-contributory, so is still an excellent and hugely expensive (for the taxpayer) pension!
Sidicks
sidicks said:
Steve Zodiac said:
Welcome to the real world!!Presumably they can leave earlier than age 60 and either take an actuarially reduced pension or defer taking their pension until they are 60.
This remains non-contributory, so is still an excellent and hugely expensive (for the taxpayer) pension!
Sidicks
Forces pay awards are abated by a percentage to contribute towards pension. No, not a direct contribution each month, but equally not true to say we made no contribution.
I'm in the forces, the pension is one of the biggest factors to keep many men and women in Uniform, Everyone i work with who are in the 'pension trap (been in for more than 10 yrs)' say if it changes to much then they will leave.
I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. f
k the pension up too much and you will have severe manning gaps i guarantee it.
Dont get me wrong i know the Military pension is st hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away.
I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. f
k the pension up too much and you will have severe manning gaps i guarantee it. Dont get me wrong i know the Military pension is s
t hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away. Gazzas86 said:
I'm in the forces, the pension is one of the biggest factors to keep many men and women in Uniform, Everyone i work with who are in the 'pension trap (been in for more than 10 yrs)' say if it changes to much then they will leave.
I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. fk the pension up too much and you will have severe manning gaps i guarantee it.
Dont get me wrong i know the Military pension is st hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away.
Where will you find a better pension if you leave?I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. f
k the pension up too much and you will have severe manning gaps i guarantee it. Dont get me wrong i know the Military pension is s
t hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away. sidicks said:
Steve Zodiac said:
Welcome to the real world!!Presumably they can leave earlier than age 60 and either take an actuarially reduced pension or defer taking their pension until they are 60.
This remains non-contributory, so is still an excellent and hugely expensive (for the taxpayer) pension!
Sidicks
.One of the reasons I left was because I knew it was a gamble that the low pay, long hours, weekend/night working, lack of home life, poor promotion prospects etc would actually end in a decent pension.
Looks like i did the right thing.
Caulkhead said:
Gazzas86 said:
I'm in the forces, the pension is one of the biggest factors to keep many men and women in Uniform, Everyone i work with who are in the 'pension trap (been in for more than 10 yrs)' say if it changes to much then they will leave.
I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. fk the pension up too much and you will have severe manning gaps i guarantee it.
Dont get me wrong i know the Military pension is st hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away.
Where will you find a better pension if you leave?I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. f
k the pension up too much and you will have severe manning gaps i guarantee it. Dont get me wrong i know the Military pension is s
t hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away. When I left I got a job with far less responsibility, yet paid a bit more. I was also paid overtime, so very soon I was earning close to 50% more than my forces wage. With a couple of years I had been promoted a few times, had had a company car on top of my now even bigger salary (+ overtime pay).
Once in a while I check what my current pay is vs the forces pay scales. It always makes me happy I left
Edited by 98elise on Wednesday 1st August 08:19
Caulkhead said:
Gazzas86 said:
I'm in the forces, the pension is one of the biggest factors to keep many men and women in Uniform, Everyone i work with who are in the 'pension trap (been in for more than 10 yrs)' say if it changes to much then they will leave.
I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. fk the pension up too much and you will have severe manning gaps i guarantee it.
Dont get me wrong i know the Military pension is st hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away.
Where will you find a better pension if you leave?I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. f
k the pension up too much and you will have severe manning gaps i guarantee it. Dont get me wrong i know the Military pension is s
t hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away. eccles said:
Where will you find people to do the nations bidding if there aren't any perks to joining up?
And there was me thinking that the pension 'perk' was still massive, just slightly less massive than it used to be....Are people really joining up on the basis of a pension that won't be relevant for 40 years or so and which they struggle to quantify the value of in the first place??
I think not.
sidicks said:
And there was me thinking that the pension 'perk' was still massive, just slightly less massive than it used to be....
Are people really joining up on the basis of a pension that won't be relevant for 40 years or so and which they struggle to quantify the value of in the first place??
I think not.
Exactly. Anyone who based thier career around the promises of the current government , well rather them than me. Are people really joining up on the basis of a pension that won't be relevant for 40 years or so and which they struggle to quantify the value of in the first place??
I think not.
markcoznottz said:
sidicks said:
And there was me thinking that the pension 'perk' was still massive, just slightly less massive than it used to be....
Are people really joining up on the basis of a pension that won't be relevant for 40 years or so and which they struggle to quantify the value of in the first place??
I think not.
Exactly. Anyone who based thier career around the promises of the current government , well rather them than me. Are people really joining up on the basis of a pension that won't be relevant for 40 years or so and which they struggle to quantify the value of in the first place??
I think not.
What's your take on the military covenant [if you have heard of it]?
Steve Zodiac said:
"This does not mean that any people will have to carry on serving until they are 60."
eccles said:
Caulkhead said:
Gazzas86 said:
I'm in the forces, the pension is one of the biggest factors to keep many men and women in Uniform, Everyone i work with who are in the 'pension trap (been in for more than 10 yrs)' say if it changes to much then they will leave.
I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. fk the pension up too much and you will have severe manning gaps i guarantee it.
Dont get me wrong i know the Military pension is st hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away.
Where will you find a better pension if you leave?I spent 7 out of 12 months last year around the Mediterranean area's, and for my colleagues and their families the pension was something to make the time being away bearable. i.e. Don't worry love only xx months/years to go and we'll have my pension and ill be able to spend more time with the kids and make up for the time i was away...Same story over and over again. Hell look, One of our T-Boat subs came back this week after 11 Months away under the deep blue. f
k the pension up too much and you will have severe manning gaps i guarantee it. Dont get me wrong i know the Military pension is s
t hot compared to other public / private sector etc , and from the new guys/girls coming through the gates after 2015 they wont know any different, in my opinion the guys and girls (like me who are on the old scheme) will seriously consider other career paths should the government get carried away. Mojocvh said:
What's your take on the military covenant [if you have heard of it]?
It's a load of emotional twaddle with no basis in law. With high unemployment likely to continue recruitment won't be a problem even if the pension deal is changed.Terms and Condition will be improved only once there's a shortage of new recruits and as the army is happy to outsource to places where labour is cheap (e.g Nepal).
Caulkhead said:
Where will you find a better pension if you leave?
I thought it was fairly obvious that the jist of that passage was that people will leave, for a job that doesn't require 6 months on tour, or 11 months under the sea, should the pension change too much.He neither stated nor implied they'd want to find a similar or better arrangement elsewhere. Simply that without that perk, the sacrifice isn't worth it.
iphonedyou said:
He neither stated nor implied they'd want to find a similar or better arrangement elsewhere. Simply that without that perk, the sacrifice isn't worth it.
The trouble is that most people, not just the army, don't appreciate the value of the pension.I bet if you removed the pension entirely and increased salaries by say 15% you'd have a huge influx of people wanting to join.
It would be worse value for the applicants and much cheaper for the UK taxpayer, though...
sidicks said:
iphonedyou said:
He neither stated nor implied they'd want to find a similar or better arrangement elsewhere. Simply that without that perk, the sacrifice isn't worth it.
The trouble is that most people, not just the army, don't appreciate the value of the pension.I bet if you removed the pension entirely and increased salaries by say 15% you'd have a huge influx of people wanting to join.
It would be worse value for the applicants and much cheaper for the UK taxpayer, though...
iphonedyou said:
Caulkhead said:
Where will you find a better pension if you leave?
I thought it was fairly obvious that the jist of that passage was that people will leave, for a job that doesn't require 6 months on tour, or 11 months under the sea, should the pension change too much.He neither stated nor implied they'd want to find a similar or better arrangement elsewhere. Simply that without that perk, the sacrifice isn't worth it.
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