An interesting question and one I am also interested in the answer to.Could some of the enlightened veterans clarify a few points regarding pension increase at 55?
I left the Armed Forces January 2008 after 22 years and I am in receipt of AFPS75 immediate pension.
1. Do I receive the full CPI/RPI increase for the first year or (according to Equiniti) a percentage of.
ie. Annual increase April 2008 RPI 3.9% or approx (1/4 of 3.9%) assuming RPI.
2. Do I receive RPI increases for the years 2008, 2009 and 2010 before the change to CPI.
Equiniti do not give me confidence in their calculations as their first attempt was based on my pension after commutation.
Many thanks in advance.
An interesting question and one I am also interested in the answer to.
I'm in the same situation having left the RN in Feb 2009 although I didn't commute my pension.