Figure 10 “I believe that the 47th accrual rate is an absolute market leader…... What is more


interesti ng is the shift to age 60 and implicati ons for how the Services will manage people who, say at the age of 40, top out and then need meaningful and challenging posti ngs for the next 20 years.”


“Certain trades take longer to get promoted through the ranks; a pension based on average pay will disadvantage them.”


“I don’t know how it works. Things aren’t communicated to us very well, especially in my trade where we are away from computers and admin ‘in the know’ loops.”


“The new pension is a signifi cant push factor; many junior pilots will have nothing to keep them in as the outside market improves in the coming years.”


“On the face of it, the new pension package looks more modest and is therefore disappointi ng compared to previous deals. However, in the current fi scal climate, it is perhaps not surprising that funds are drying up. For new recruits, the deal will sti ll be bett er than most could fi nd elsewhere, but for those departi ng shortly it is a slap in the face and a weaker retenti on tool as a result.”


“…., if the MoD believes that there is not going to be a ti dal wave of PVRs around 2015 they are burying their heads in the sand.”


“These are not the same terms that I joined under. I therefore believe that the spirit of the military covenant has been broken.”


20


Pay, Allowances & Quality of Life


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