Friday, August 27, 2010

Pensions For UK Soldiers Under The Microscope

Out of pocket: By the age of 75, retired servicemen would expect to receive £626,403 over 35 years if the pension was linked to the RPI - but will get £110,439 less if it is linked to CPI

Forces Fury As Servicemen Face Losing 12% Of Their Payout Due To Changes In Pension Calculation -- The Daily Mail

Retired servicemen face losing hundreds of thousands of pounds from their pensions because of changes to the way the Government calculates annual increases.

Veterans are in uproar over ministers’ controversial decision to link pensions to the Consumer Price Index instead of the Retail Price Index.

The decision, which comes into effect from April 2011, means soldiers, sailors and airmen will lose an average 12 per cent in the value of their pensions.

The CPI and the RPI are measures used to calculate the cost of living.

Read more ....

My Comment: You know that it is only a matter of time before other countries .... the U.S. included .... start to thinker with the pensions of their soldiers to save costs.

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