Army pension

'gratuity and pension are not two different beasts ' are you sure!!! i think you'll find they are!
surly it's like any other pension a forcast can be got? for example if i took out a pension i'll get a forcast so i'm not quiet understanding what your getting at and any pension is variable on contributions and the market etc.
The actuarial report should say that( however i've never seen an actuarial report but i would imagine it would say something along the lines of based on XXyrs service etc)

And if you are not sure of what you are actually getting, I think you should get your solicitor to make it clear to you: no point reaching a settlement for you if you don't understand what it is.

I did but it seems if your solicitor doesn't know then its not much help.

Overall pensions are worked out on what they are worth now - Unless it suits someone to work out what it will be worth in years to come that haven't been accrued yet. based on what they think you are going to do. hence the reference to almost financial blackmail. I had to wait until W sol said they agreed b4 they would sign the divorce papers, that figure was 100% based on what Their actuarial report stated based on a Pension that was not in force for another 4 years. Anything could have happened in that time.

Gene Hunt wrote:

'gratuity and pension are not two different beasts ' are you sure!!! i think you'll find they are!
surly it's like any other pension a forcast can be got? for example if i took out a pension i'll get a forcast so i'm not quiet understanding what your getting at and any pension is variable on contributions and the market etc.
The actuarial report should say that( however i've never seen an actuarial report but i would imagine it would say something along the lines of based on XXyrs service etc)

In the forces I am led to beleive (and I say that without being sure as anyone in the forces will probably agree info is hard to understand and get) that your pension and Gratuity is worked out on 3 x salary and your rank on leaving.

If you have a 100% debit against that a year b4 leaving you WILL NOT receive 3 x salary and monthly pension of x amount. the figures can't be worked out until I have the debit done. For instance:

29k lump sum plus £700 a month if I was on my own and getting it. Because she will debit 100% now around 90k. Now do I start from zero now? or do I wait until i reach 22 yrs and see what the difference is? If I had only served 17 years and I left the Army my EW would have 90k pension and I would have not much. i have to continue serving if I want a pensionm at all immediately. The value of that pension is not available to me until I have it debited.

The actuarial report is ASSUMING I will do 22 years - WHY? This is the whole point of my arguement. If I don't serve 22 years then Ive given away the lot.

Sir R

I'm shortly going to be in the same boat as you, 30 years in the RAF, married for 27 and with 5 years left, if I stay. No idea yet how the pension split will go.

I nearly fell off my chair when I saw that you are losing 100% of your pension. Was that the CETV or did you have to get an actuarial valuation.

Good luck mate and keep your head down, lots of miltary guys aren't making it to a pension these days.

What next

This is the problem.

100% of what the CETV or CEV whatever they call it these days mor marital evaluation was about 90k. But all of it you understand. That is why they had the actuarial value it at around 220k but thats based on me doing 22 yrs and getting immediate pension. If I leave its all gone so therefore by default I have to stay in the military and serve 22. Blackmail almost.

Now I find that 100% CETv or CEV or whatever is maybe (we can't be sure as SVPS can't tell us until split happens) is gonna give the Ex everything and I am left with nothing as theres not enough time to build a pension for me.

Do all that make sense? I take the risks, I dfon't know whats left but she sure knows exactly what she will receive even before she gets it. Probably even started planning her future already. I know she's already married again.

Can anyone shed any light on why actuarial reports are needed to work out vast differences in forces pensions when as a sergeant who leaves after 22 yrs whether it be today or in a years time or a few years ago gets paid virtually the same amount in gratuity and the same amount in pension per month save index linking possibly by a few fractions of a percent?

I know what I would receive through a quick calulator - its in a pensions on divorce booklet. So why can SVPS not tell me what its worth to the pension holder when Ex Wife takes 100% of it now and then I serve one more year then leave? I think its a simple maths calulation. Anyone got any ideas?

I think, and I really don't think I'm alone here. Even spouses of serving members and STBX's if they really thought about it from a financial point of view and put theirselves in the position of having built up such a pension would agree that the pension holder has to come first. Not in financial one sidedness but in dealing with it properly and in the interests of future stability. If you can't give the pension holder stability and they are taking all the risks then its being done wrong.

I agree that children are of great importance also but this should be covered with maint and child support.

Sir remealot

I am very confused by your posts. Why is your stbx getting a 100% of your pension? I may be missing the point but what you are asking doesnt make any sense, or maybe its me!

To shead some light on why actuarial reports are required if you read this thread from beginning to end posts by Peter@BDM and Active8 will be able to help. They have both covered the subject at some point.

Asram