M
Melchett01
Guest
Latest one doing the rounds that I was told - allegedly discussed by some of the high paid help on the golf course (good to see they have time for a round, obviously not too busy) - is of a new scheme coming in around 2012/13 that will make 05 look positively generous.
As before, the thinking seems to be that they won't be able to force people onto the new scheme, but transfers will be tied to any changes in terms of service - promotion, re-engagement etc.
The upshot is that many on 75 will probably either turn down promotion or re-engagement and will thus leave at their next option point, or potentially stagnate in rank if already on full career engagement. This will get rid of the old timers and will eventually replace them with a new generation who know no better and will be put onto short term engagements that only carry a liability for a preserved pension at 65 or whenever it is, with just a few die-hards stagging on for a full career and a £1.50 luncheon voucher when they retire.
If correct, I think we are going to see the Forces getting much younger (probably the aim of this), with a much greater turnover of personnel (an unintended but acceptable to them consequence). The Treasury will no doubt be happy as they won't have pensions to pay out, but it will do nothing for the morale of those already in and hoping for a career and will more importantly water down the experience levels, potentially compromising operational effectiveness. So unless your career hasn't yet got to where you are hoping it will, best you get your skates on. Or get an Acting Paid tour and try to drag it out for 3 years before doing a runner.
As before, the thinking seems to be that they won't be able to force people onto the new scheme, but transfers will be tied to any changes in terms of service - promotion, re-engagement etc.
The upshot is that many on 75 will probably either turn down promotion or re-engagement and will thus leave at their next option point, or potentially stagnate in rank if already on full career engagement. This will get rid of the old timers and will eventually replace them with a new generation who know no better and will be put onto short term engagements that only carry a liability for a preserved pension at 65 or whenever it is, with just a few die-hards stagging on for a full career and a £1.50 luncheon voucher when they retire.
If correct, I think we are going to see the Forces getting much younger (probably the aim of this), with a much greater turnover of personnel (an unintended but acceptable to them consequence). The Treasury will no doubt be happy as they won't have pensions to pay out, but it will do nothing for the morale of those already in and hoping for a career and will more importantly water down the experience levels, potentially compromising operational effectiveness. So unless your career hasn't yet got to where you are hoping it will, best you get your skates on. Or get an Acting Paid tour and try to drag it out for 3 years before doing a runner.
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