FTRS Pay Rates

[SILVER_FOX]

Hi Boffins,

I’ve searched the site without success. Does anyone know how FTRS Pay rates work in context with pension payments. I’m on the 75 pension rates and can’t seem to find a simple guide anywhere on the net. UPO doesn’t seem to be able to give me a straight answer.

 

[Sumo]

@vauxhall

 

[Branch-Hopper]

https://www.royalnavy.mod.uk/-/media/royal-navy-responsive/documents/useful-resources/ftrs/ftrs-tacos.pdf
Para 1842

 

[Polto]

I'm on the 75 Pension.
I receive full pay for my rate minus the x-factor (15%) as I am home commitment only.
My pension is abated (not paid basically) except for an amount that makes up the 15% x-factor loss which I conveniently receive later in the month from the pension agency.

I have no idea where all this is laid down in greater detail but basically, that's how it works for me. I end up on full pay for the rate.

 

[vauxhall]

Hi Boffins,

I’ve searched the site without success. Does anyone know how FTRS Pay rates work in context with pension payments. I’m on the 75 pension rates and can’t seem to find a simple guide anywhere on the net. UPO doesn’t seem to be able to give me a straight answer.

There is an article in this about abatement when joining FTRS with an AFPS 75 pension. If it doesn't help, send me a PM.

 

[Deleted 493]

I'm on the 75 Pension.
I receive full pay for my rate minus the x-factor (15%) as I am home commitment only.
My pension is abated (not paid basically) except for an amount that makes up the 15% x-factor loss which I conveniently receive later in the month from the pension agency.

I have no idea where all this is laid down in greater detail but basically, that's how it works for me. I end up on full pay for the rate.

This is the same for me, and exactly how it works.

Now Hammond has raised the upper tax threshold too, it means my pensh to me doesn't take much a of a battering either!

Trebles all round!

Levers

 

[QUARTERDECK_PO]

Shipmates,
I have a wee bit more complicated ( i think) questions ...Im currently PO RNR...ex PO RN and looks like i might be in with a shout at an FTRS job...a couple of answers i cant find...Its a FC billet so no reduction...does anybody know what pay level RNR go into FTRS at (3 years in RNR)...No doubt lost all seniority etc from RN? ... I checked TOCS without any joy......Any info much appreciated

 

[SILVER_FOX]

Have you asked the FTRS team at Whale Island. They had a POWTR on staff to help with these types of question.

 

[QUARTERDECK_PO]

Have you asked the FTRS team at Whale Island. They had a POWTR on staff to help with these types of question.

Thanks Pal...Good thinking...Should get Staff answer from there

 

[martinsea]

Hi Boffins,

I’ve searched the site without success. Does anyone know how FTRS Pay rates work in context with pension payments. I’m on the 75 pension rates and can’t seem to find a simple guide anywhere on the net. UPO doesn’t seem to be able to give me a straight answer.

I have been offered FTRS HC. Quick question its minus 14% x factor does my or some of my RN pension make this up? If so do I still get some of my pension once this is done? Anyone got the number for the FTRS office so I can speak to someone?

 

[Polto]

I have been offered FTRS HC. Quick question its minus 14% x factor does my or some of my RN pension make this up? If so do I still get some of my pension once this is done? Anyone got the number for the FTRS office so I can speak to someone?

See my post earlier up this thread.

 

[martinsea]

See my post earlier up this thread.

Could you call me if I PM my mobile ?

 

[martinsea]

I'm on the 75 Pension.
I receive full pay for my rate minus the x-factor (15%) as I am home commitment only.
My pension is abated (not paid basically) except for an amount that makes up the 15% x-factor loss which I conveniently receive later in the month from the pension agency.

I have no idea where all this is laid down in greater detail but basically, that's how it works for me. I end up on full pay for the rate.

In a nutshell how much is a PO rate of pay on HC ? Minus the 14% x factor

 

[Polto]

Im sure the pay rates are available on the internet. We are all on different rates dependant on what spine you are on and all the rest of it. I expect someone will post a link to the rates in due course.

 

[vauxhall]

The abatement rule says that they look at your rate of pay on your last day of Regular service (plus inflation if appropriate) and work the sum out from there. That would mean that X factor is included in the base line calculation. I don't know if this will help:

Pathfinder International magazine

cloud.3dissue.com

but if you need more personalised guidance I suggest you join the Society and speak to one of my colleagues in Vauxhall. If you are a member, email [email protected]. If you are not a member but want to know more about the Society, visit www.forcespensionsociety.org