veng what have i done?

#1
I have just signed up for the new veng, to hear that this could effect my promotion as i could be over looked as i have an extra 2 yrs!
also does any one know if the extra time done is linked to your pension? obviously none of this info was made available befor the deadline to sign
I feel i will be shafted as the mod does nothing to favour us just themselves.
 
#3
Does it not also work the other way? Engage for Veng, and change your mind at the 23 year point lets say.

Is it true that you are considered not to have completed your terms of service and therefore get the delayed pension rather than the immediate?
 
#4
big_mac4824 said:
I have just signed up for the new veng, to hear that this could effect my promotion as i could be over looked as i have an extra 2 yrs!
also does any one know if the extra time done is linked to your pension? obviously none of this info was made available befor the deadline to sign
I feel i will be shafted as the mod does nothing to favour us just themselves.
Why on earth did you sign up without reading the terms and conditions?

Litotes
 

RMA1

War Hero
#6
Its not that good for your pension.
 
#8
Jockster915 said:
RMA1 said:
Its not that good for your pension.
Only a grand a year on my projected pension!

Jockster
And -£20,000 on the two extra years you are doing.
 
#9
All_I_Want said:
Jockster915 said:
RMA1 said:
Its not that good for your pension.
Only a grand a year on my projected pension!

Jockster
And -£20,000 on the two extra years you are doing.
AIW it's not minus 20K if I am being paid 36K a year for the extra 2 years!

Or to put it another way I need to live to age 62 to start to make a profit?

Jockster
 
#10
Jockster915 said:
All_I_Want said:
Jockster915 said:
RMA1 said:
Its not that good for your pension.
Only a grand a year on my projected pension!

Jockster
And -£20,000 on the two extra years you are doing.
AIW it's not minus 20K if I am being paid 36K a year for the extra 2 years!

Or to put it another way I need to live to age 62 to start to make a profit?

Jockster
But you can get out and get another job for £36k AND get your pension.......they are effectively paying you £26k for doing a job you were doing last week for £36k.
 
#11
All_I_Want said:
Jockster915 said:
All_I_Want said:
Jockster915 said:
RMA1 said:
Its not that good for your pension.
Only a grand a year on my projected pension!

Jockster
And -£20,000 on the two extra years you are doing.
AIW it's not minus 20K if I am being paid 36K a year for the extra 2 years!

Or to put it another way I need to live to age 62 to start to make a profit?

Jockster
But you can get out and get another job for £36k AND get your pension.......they are effectively paying you £26k for doing a job you were doing last week for £36k.
Fair point and I hate to admit this but I actually like my job - at the mo.

Jockster
 
#12
big_mac4824 said:
I have just signed up for the new veng, to hear that this could effect my promotion as i could be over looked as i have an extra 2 yrs!
also does any one know if the extra time done is linked to your pension? obviously none of this info was made available befor the deadline to sign
I feel i will be shafted as the mod does nothing to favour us just themselves.
I asked the same question an a MCM Div roadshow and the Col said that promotion, at least in our Corps WILL slow down by a year or so to reflect the additional time served.
 
#13
Depends on how many people are going to be given the Long Career. In R Signals they reckon 3% so that won't really hold up promotion. In the AGC (SPS), although not on the V Eng, it has slowed dramatically. The reason being that when WO1s are given a further 6 years this slows down promotion for every individual below that rank down to Pte for 6 years or until said WO1 signs off early.

So in summary depends on your Corps/Regiment and how many the think will be given the Long Career.

Jockster
 
#14
Litotes said:
big_mac4824 said:
I have just signed up for the new veng, to hear that this could effect my promotion as i could be over looked as i have an extra 2 yrs!
also does any one know if the extra time done is linked to your pension? obviously none of this info was made available befor the deadline to sign
I feel i will be shafted as the mod does nothing to favour us just themselves.
Why on earth did you sign up without reading the terms and conditions?

Litotes
I suppose its the same as people who put their c0cks in cheese graters - seemed a good idea at the time.
 
#15
The reason why I signed without terms and conditions, was because there were none available and my rcmo is a medic and I am rlc.
my thinking was an extra 2 yrs with extra cracks at the board, and two more years on currently 32k, hopefully it will be more!

does it mean my pension will be different from my 22yr old style one, to doing 24 yrs, I dont think I will do any extra years if the pension turns out to be pants, finding a job at 48 will be difficult I think in civvi street, so I think I will turn down the extra 6 yrs if offered as I will leave at 48, currently I will leave at 42, still young!.......ish
 
#16
But then if you can squeeze and extra 7 years out of them (to 55) yo would have a cracking pension and not have to bother with a second career. Go and work in B&Q for some pin money.
 

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