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Discuss New Pension Scheme in Finance & Pensions on Navy Net; I've not seen anything else posted so I thought I'd add this link to the Outline Scheme Design published today for the new pension scheme. http://www.mod.uk/DefenceInternet/Ab...nsultation.htm...
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    Senior Member pompeyexpat's Avatar
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    New Pension Scheme

    I've not seen anything else posted so I thought I'd add this link to the Outline Scheme Design published today for the new pension scheme.

    http://www.mod.uk/DefenceInternet/Ab...nsultation.htm
    Anyone who wants to participate in Big Brother, or actually dedicates time to watching it, should automatically be deprived of the right to vote. Nobody that stupid should have a say in how the country's run. The same goes for X-factor.

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    Senior Member lesbryan's Avatar
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    All well and good but it is still bollocks as far as men who left prior to april 1975
    WISDOM IS STRENGTH

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    Senior Member frogman007's Avatar
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    That's written in typical Pusser shit stylee. WTF does it mean to those already left???? Thanks
    Dum Spiro Spero

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    Senior Member trelawney126's Avatar
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    BBC News - Pension reforms for military outlined by MoD
    Think this might clarify things a bit, heard it on Radio4 this evening
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    Senior Member Guzzler's Avatar
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    Quote Originally Posted by frogman007 View Post
    That's written in typical Pusser shit stylee. WTF does it mean to those already left???? Thanks
    I would be very surprised indeed if it had any affect on those already in receipt of a pension frogman. Doubt there's anything to worry about.
    Wit lent from heaven but vices sent from hell

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    Administrator Bad CO's Avatar
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    Agreed but pretty rubbish for the guys and girls who've been putting their lives on the line in recent years in Afghanistan and Iraq.
    There can be only one ........

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    Senior Member Guzzler's Avatar
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    Indeed. Sorry if that came across as selfish, the phrase 'Doubt there's anything to worry about' was careless and a little crass in the circumstances. On reflection, it was selfish. Sincere apologies to those still serving.
    Sumo likes this.
    Wit lent from heaven but vices sent from hell

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    Senior Member SJRM_RN's Avatar
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    The new pension scheme will have no effect at all on those who have already left the service. It doesn't even effect those who are over 45 and still in the service.
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    teach a man to fish and he'll sit round on a boat all day drinking beer.

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    Senior Member frogman007's Avatar
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    Happy days. Not how radio 1 ( I know, I know!) portrayed it this morning. They are making out that they are trying to amend it be the same for those who joined pre 2005. Cheers for the answers lads.
    Dum Spiro Spero

    I didn't attend his funeral but wrote a nice letter saying I approved of it.

    In a fraction of a second they are projected into eternity and will never possess a final resting home.
    They have graves without bodies, they are an exceptional breed of people....
    It is an utmost proudness of myself to have met these men, those lords that I salute, praise and admire.

    Winston Churchill on Clearance Divers September 1944

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    Senior Member wave_dodger's Avatar
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    Quote Originally Posted by Bad CO View Post
    Agreed but pretty rubbish for the guys and girls who've been putting their lives on the line in recent years in Afghanistan and Iraq.
    Its not quite as grim as that, it won't really manifest itself until around 2025, so most people serving today won't feel the full changes. Someone joining in the next few years however......And it cannot alter any currently being delivered pension.

    I like the example of the SO1 leaving after 24 years service who get an immediate pension of 9k and 48k lump, it mitigates the shock by saying its ok, when he's 68 his pension jumps to 19k......nice give him a year or two to live properly before he passes away lol.

    Apr 2014, the date when quite a few yellow/black handles will be pulled.
    The only Life lesson, "Being right is irrelevant".

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