Army pension

Skylark

I am interested that you say you have no need for an actuarial report. I assume that you are therefore over 55 and will therefore receive your pension immediately and that you are happy to receive a lower pension than him.

P

lt1972 wrote:

After being divorved from my husband in the forces 5 years ago, we agreed a lump sum of his army pension when he left,his 22 years service is due to end Febuary 2010. I have now discovered he is now serving an extra 5 years and has told me that i will have to wait another 5 years to recieve my lump sum.
Is this right?,can he do this? how can I get my lump sum in 2010,which for the past 5 years I believed was when I was supposed to recieve it?

Does any body know if itm1972 went to a sol? or if this was answered? I've followed this post with great interest, and scrolled through quickly, i'm interested as I think mine is going to do continuation.

xx

vivi36,
You need to establish on what contract your husband has continuance, V-ENG, career continuance, LSL, NRPS, FTRS as that will have an effect on his pension and when it will come into payment.
Feel free to PM me.

penny10p,
It would be interesting to know how the pension is calculated for the ex at 65, is it backdated index linked and then index linked every year as the ex soldiers is from 55 as this would make a big difference to it's worth/valuation.
I would ask my ex if she knows but i dont think i would get an anwser that i could post:huh:

AFPS website :

YOUR FORMER SPOUSE’S
PENSION CREDIT
When a pension sharing order is made, your
former spouse becomes a special category of
AFPS members known as a pension credit
member. If your spouse is a member of the
AFPS in his/her own right, the shared
pension does not restrict your spouse’s own
pension (or AVC) rights under the scheme.
Your former spouse’s pension credit award
attracts full inflation proofing – ie it is
revalued annually in line with increases in the
Retail Price Index to ensure that it retains its
purchasing power over time. Your former
spouse has no right to transfer his/her
pension credit rights to another pension
scheme or arrangement, nor will he or she
be permitted to purchase additional inscheme
benefits.

But in FAQs AFPS say they can't/won't predict the ex-spouse's full pension income at the normal retirement age.

Should have known to look there really DOH !

So going by that and the fact that my monthly amount halved exactly, the payment the ex spouse gets at 65 will be the same as mine, so is there any need for an actuarial report ?
Peter to anwser i think.

I presume they wont forcast the pension as they dont know what inflation is going to do, but that wont affect the equality of income as it will be the same for both parties.
There is no difference in the pension for male or female soldiers so if an ex spouse becomes a member in her own right and is awarded a percentage it should pay the same regardless of gender.
I think...?
Any thoughts Peter?