Pensions

Should RNR/RMR be able to accrue pensions for time served in unifor


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Being a fairly recent addition to the Old Age Pension list I can't see what the argument is.


To recieve any pension you must have made contributions to whoever holds the pension funds.

To qualify for OAP [--top amount ]you must have paid in 44 years of National Insurance Stamps.Also this amount was backed up by a form of Earnings Related contribution.

To recieve a Forces Pension your time served earnings are graded to reflect the pension you may recieve.

Pensionable service is normally after 22 years
Any time served up to 22 years is paid in fractions ie do 9 you get 9/22 of the pension payable to that rank/rate when you are 65.

So to qualify doing part time you would have to do a lot of reserve attendance and start counting the days into years!!

I suggest that you as reservists collect the annual bounty and put it into a pension fund --you may make enough to buy a few pints now and again.
Or just spend it!! The rate of inflation is almost the same as the banks interest at the moment!!
 
Greenie said:
Being a fairly recent addition to the Old Age Pension list I can't see what the argument is.


To recieve any pension you must have made contributions to whoever holds the pension funds.

Greenie - it may be that you missed the point. 'We' reservists were denied access to a pension scheme that lawfully we should have had access to. Being denied that, many of us choose to spend their bounty rather than invest. The point is, we weren't given that choice and should've been.

Pusser has to come in to the late 20th century had actually start applying decent employment practices - and Im speaking as Chartered Fellow of the CIPD. Some of things Ive seen done, because "We're the Navy and we can" have made me cringe!!
 

wysiwyg

Lantern Swinger
Stand by to make a personal contribution to home to duties as well!!!

Now where did I hear that no one would lose out!!!!!
 

GCYZ

Lantern Swinger
Uncle_Albert said:
wysiwyg said:
Stand by to make a personal contribution to home to duties as well!!!

If that happens they really can shove it.
Have heard it quoted that we will have to pay for the first mile, also Training allowance may stay as it was called something else by the TA and RAuxaF, hence caused confusion in the system. Have seen nothing in writing however.
 

Uncle_Albert

War Hero
GCYZ said:
Uncle_Albert said:
wysiwyg said:
Stand by to make a personal contribution to home to duties as well!!!

If that happens they really can shove it.
Have heard it quoted that we will have to pay for the first mile, also Training allowance may stay as it was called something else by the TA and RAuxaF, hence caused confusion in the system. Have seen nothing in writing however.

Any ideas about how would one decide how much the first mile of a train journey costs? Anyway, given the recruitment footprint of an RNRU, this wouldn't save any noticable amount, surely? Lots of people come from right at the edge of the travel expense limit, which I think is currently 40 or 50 miles.
 
Bounty - £1000+ tax free how times have changed!

Many moons ago when I served in the RMR I cannot remember the exact figure for bounty [I have had half my brain removed since, must have been the memory bit] I do know the local TA unit in town recieved three times as much as the RMR at the time.

Even with parachute bounty it was still a poor offering compered to the TA

Mate of mine was serving in the Artillery TA at the time, saying I was stupid we get more money blah! blah! blah!.

In the RMR we shed blood to get that green hat and those para wings and wore that hat with pride. Couple of extra bob would have been ok though.

The govt is saving zillions by not paying out where they should pay out. Country is practically run by volunteers. Only problem with volunteer work is the money is crap!! Mind the ones running the courses seem to do ok out of it.

McHammock said:
If we start asking for pension, they WILL take away Bounty.
e.g. 28 days training each year - how little pension will that accrue ?
versus
Bounty - £1000+ tax free

No brainer - do not even think about pension
 

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