Apologies if this has been covered already but a quick search hasnt yielded this specific discussion. Ok , a mate and myself were talking pensions and the current austerity measures the other day and the discussion meandered in the direction of lump sum payment, commutation and immediate pension (at age 40). The crux of the discussion centred on the MOD stopping the immediate lump sum and pension and only making payments to personnel at age 60 (AFPS 15??). I have since heard a duty rumour (unconfirmed but worrying all the same) that this is a real possibility and that the MOD are indeed looking at the legalities of the change. My honest opinion is that all those pensionable personnel (VEng, LE Officers etc) will bail out immediately thus solving the manning / redundancy issue in one fell swoop. Not being a pension guru and having experienced numerous changes to Terms of Service and Pension Rights without proper consultation by MOD, I was wondering if the MOD could impose such changes on those personnel already in the system or only those joining after the change is implemented? Will the implementation of this change impact recruiting and retention? One of the big draws for individuals joining for a full career and mainstay of retention for those who see themselves as pension trapped was the lump sum and immediate pension. Without it will personnel join and subsequently stay for the duration? Final question for the pension gurus out there. Will the change from AFPS 75 (Final Salary) to AFPS 15 (Career Average) impact personnel retiring around that time and the decision making process? I am currently pensionable but need to make a decision whether to stay beyond 2015, if there will be a detrimental impact on my pension the decision will be a whole lot easier. Thoughts please.