Quick one guys, anyone known the date that the AFPS75 maximum commutation is moving from 6 months worth down to 3 months worth.

I beleive it is sometime in 2015. Which could be auspicious.

Currently the maximum commutation is the difference between the lump sum due at Immediate Pension Point and the lump sum available for your rank at the Full Career Pension Point. I am afraid that we need to see the Framework Document for the new scheme to understand how the transition arrangements will impact on commutation. As soon as we have it we will put it on our website ( The Forces Pension Society ) and flag it up here.

Originally Posted by Forces Pension Society

Currently the maximum commutation is the difference between the lump sum due at Immediate Pension Point and the lump sum available for your rank at the Full Career Pension Point. I am afraid that we need to see the Framework Document for the new scheme to understand how the transition arrangements will impact on commutation. As soon as we have it we will put it on our website ( The Forces Pension Society ) and flag it up here.

where were the FPS when the Govt were reducing our pension benifits?

Originally Posted by Quaker

CF I am in no way into HR but I did happen to read a DIN which might answer your question.

Have a look at 2011DIN01-97 ARMY COMPULSSORY REDUNDANCY DIN, para 39. It has a link to THE ARMED FORCES REDUNDANCY SCHEMES. Look to page 11 EXEMPTEED ADDITIONAL SERVICE. This says that you will not have to pay anything back.

With the increase of the TA looming I believe the powers to be are expecting a lot of the manning to be taken up by Ex Regulars. Taking money back would hardly encourage them to join the TA.

Regards,

Q.

just to confirm that if you are joining the TA (rather than the FTRS or NRPS (but not many NRPS posts around these days)) there is no impact on your pension, commutation or redundancy.

Originally Posted by enoughsenough

where were the FPS when the Govt were reducing our pension benifits?

We are part of the consultation process and our aim is to ensure that you get as much as possible under any new arrangements!

Originally Posted by enoughsenough

where were the FPS when the Govt were reducing our pension benifits?

If you've paid your annual subs to them you'll know the answer from all the material they've been sending out explaining what they're doing.

Originally Posted by Donny

If you've paid your annual subs to them you'll know the answer from all the material they've been sending out explaining what they're doing.

Yeah.

Originally Posted by Donny

If you've paid your annual subs to them you'll know the answer from all the material they've been sending out explaining what they're doing.

Thanks Donny. For those of you who are not members, I should explain that the FPS sends out regular electronic newsletters and hard copy magazines in May and November each year. Our website is worth a visit too, as it contains current pensions-related information ( The Forces Pension Society ).