Pension and Bounty

Travelgall

LE
Kit Reviewer
#1
Rumour I heard yesterday that the TA will be getting an Armed Forces pension - obviously pro-rata to Regs. Guessing it won't be backdated for time served which will suck if you're a Bos era WO2 but I would be interested to see if this will be replacing the Bounty for the TA (which will do bad things for recruitment) or as well as (which will do wonders for recruitment). Apparently this is mentioned somewhere on the Secure Terminal which I don't have access to for the next week. True?
 
#4
Us STABs are cheap. Start to make us expensive by adding a decent pension and we lose our appeal.

Ditching bounty would be a major own goal. It is the major motivator for most of us to keep turning up and passing MATTs. If I had a pound for every bone duty/ activity I have endured for bounty over the years I would be a rich man.
 
#6
Apparently this is mentioned somewhere on the Secure Terminal which I don't have access to for the next week. True?
Sorry, but if you don't know what the system is called then I don't have much hope for your rumour sources.
 
#8
Pension on a part time job wouldn't amount to much though would it ?
6 years at 80 days per year = 480 days.

31 years at 30 days per year = 930 days.

Thats 1410 days.

Compare with a Regular doing about 200 days per year for 22 years, 4400 days.

I'd be quite happy with a third of a full Regular pension. It is Final Salary, isn't it?
 
#9
Sorry don't you mean 365 days For 22 years ie 8030 days pensionable ... Where does the 200 come from ?

1410 days in a 31 year TA career would only equate to 4 years full time employment (equivalent )which then wouldn't be much at all but it shouldnt be dismissed either !
 
#10
Sorry don't you mean 365 days For 22 years ie 8030 days pensionable ... Where does the 200 come from ?

1410 days in a 31 year TA career would only equate to 4 years full time employment (equivalent )which then wouldn't be much at all but it shouldnt be dismissed either !
For the TA figure, I've only included actual days worked, so I've deducted weekends and leave from the Regular figure. Even then, it's optimistic.
 
#11
And on about a quarter of the TA days, you can put me down for double time...
 
#15
Wouldn't surprise me if that was actioned as a result of a note initialled ER. Now, had she signed it "Lots of love, Esther", it wouldn't have happened.
 
#16
I believe you can pay into a private pension on the basis of your TA earnings...the late great "Mad Bob" Cooper (RIP) discovered the loophole when he was in 266 Bty. always assuming you have any left from drinking, whoring and ally kit procurement...it's a "hobby" isn't it??
 
#17
You don't even need to have an income to pay into a personal pension.
 
#19
Doesn't matter. Can be a member of both with just the one source of income.
 

Travelgall

LE
Kit Reviewer
#20
All right. So the CSM was imagining it. Pity because I bet it would do wonders to the recruitment of the slightly older Lady or Gent. I suspect that 19 year olds will still be swayed by the bounty to sign on to spend on an X Box, Shitcatcher Jeans or whatever the hell it is that the 19 year old Yoof spend their money on.
 

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