Boeing Defence UK BDUK Has Embraced the Opportunity to Officially Recognise the Value That Service Personnel, Veterans and Their Families Contribute to the Business
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We speak to Gary Austin. to Resettlement • Training • Education • Franchises • News find out RESETTLEMENTmore about Maritime Transport's industry leading Driver Training. P10 EasyResettlement Spring 2017, £Free RESETTLEMENT KIER supporting the RESETTLEMENT Armed Forces Kier understands the importance its industry plays in supporting Focus the UK'S defence sector. on your job If you've got a creative streak, an eye for detail and you like playing with cameras you could turn an obsessive hobby into a lucrative career. RECRUITMENT From base to Boeing Defence UK BDUK has embraced the opportunity to officially recognise the value that service personnel, veterans and their families contribute to the business. EAST OF ENGLAND CAREER TRANSITION EASY RESETTLEMENT'S FORMER BLACK WATCH AMBULANCE SERVICE PARTNERSHIP £100,000 TRAINING GIVEAWAY CAPTAIN FINDS HIS PLACE We recognise the skills and First impressions count! How Is back for 2017. Train for free In civvy street with his aptitude that forces staff have, often have you heard that with our selected training ActionCOACH business in especially when faced with phrase, especially in your partner companies. P38 Yorkshire which was launched in pressurised situations. P18 resettlement? P20 August 2009. P52 WE ARE ALSO ONLINE: WWW.EASYRESETTLEMENT.COM Forces Pension Society Forces Pension Society Tony Smith, FPS Member Readers of Easy Resettlement have their of your pension on your date of death. If you are under age 55, all minds firmly focused on leaving the Armed Consumer Price Index uplifts that occurred between your exit date Tony believed he was entitled to a higher pension and Forces and settling into civilian life. and your date of death are added before the calculation is made. we helped him identify the oversight. This led to him Some of you will be leaving April 2005 when AFPS 05 was If your pension is not yet in with immediate pensions introduced. AFPS 05 closed to new payment OR you transferred to receiving a signifi cant back-payment and a correction but the vast majority will members on 31 March 2015. Those AFPS 15, your spouse or civil AFPS 05 dependant’s pension will have preserved or deferred AFPS 75 or AFPS 05 members partner will receive the FFP as be based on 37.33 years’ service. to his monthly pension. benefits. Whether the pension who were age 45 or over for described above. If your pension The majority of you will have is in payment or not, if you AFPS 75 and AFPS 05 members is not in payment, they would also benefits from more than one have dependants, they may remained in those schemes but receive your preserved AFPS 75 scheme because you were be eligible for benefits in the most of you were transferred pension lump sum. Commutation is transferred to AFPS 15 on 1 We deal with hundreds of such enquiries from our event of your death. In this to AFPS 15 on 1 April 2015 so ignored when calculating the FFP. April 2015. This means that, in article Mary Petley of the will have entitlements from both Turning now to AFPS 05 the event of your death, your Members, helping them through the AFPS pension Forces Pension Society looks your new scheme and your old. and AFPS 15 benefits, adult spouse, civil partner or partner at what an adult dependant Looking first at AFPS 75, adult dependants in these schemes could have benefits from more maze every month. Join us and see how we can help might expect to receive, paying dependants in this scheme are normally receive 62.5% of the than one scheme. Let’s look particular attention of ‘eligible limited to spouse and civil partner, member’s pension entitlement. at a couple of examples: you. Or simply become a Member for the peace of partners’. The article is about and their treatment depends upon Those eligible comprise spouse, Andy Smith leaves the Army on what the pension schemes whether or not your pension is civil partner or ‘eligible partner’ 31 March 2017 with a preserved mind of knowing we’re here to help you when you will provide. If your death is in payment and whether or not and all are treated the same. AFPS 75 pension of £4,602.12, due to service, further benefits you transferred to AFPS 15. An ‘eligible partner’ is someone an AFPS 75 preserved pension need us. You’ll be in good company; we have more may be available from AFAB If you did NOT transfer to who is cohabiting with the member lump sum of £13,806.36 and or AFCS, both of which are AFPS 15 and you leave with your (who must be single) and can a deferred AFPS 15 pension of than 46,000 Members. compensation schemes. pension in payment, your spouse demonstrate financial dependence £1,600. He dies 5 years later The picture is complicated by or civil partner will receive a Short or interdependence. Examples and, assuming 2% inflation, his FPS LEGAL & the fact that there are currently Term Family Pension equal to the of the sort of evidence Veterans spouse or civil partner they would FPS HEALTH FPS TRAVEL FPS MOTORING FPS PERSONAL FINANCIAL legacy Armed Forces Pension pension in payment on the date of UK will look for are the existence receive his AFPS 75 lump sum of VALUABLE MEMBERSHIP SERVICES Schemes (AFPSs) with active your death, payable for 91 days or, of a joint bank account, joint £15,243.33, an AFPS 75 pension Our Members have access to a range of valuable, through- members – that means members if there are eligible children, 182 ownership of property or evidence of £2,540.56 and an AFPS 15 who are still serving. AFPS 75 days. This is followed by the Forces of bill sharing. It is a good idea to pension of £1,104.08. If, instead, life services with signifi cant discounts from trusted Affi liates. closed to new members on 5 Family Pension (FFP) of 50% nominate your partner to receive his relationship was with an any lump sum payable in the event ‘eligible partner’ he or she would of your death – the form, AFPS receive nothing from AFPS 75 and FPS LEGAL FPS PERSONAL INDEPENDENT, NOT-FOR-PROFIT FPS HEALTH FPS TRAVEL FPS MOTORING & FINANCIAL & HOME Form 2, is available on JPA or your a pension of £1,104.08 from AFPS browser. Nomination would help 15. In either case, AFPS 15 would At the Forces Pension Society, we value our demonstrate your commitment pay a lump sum to his nominee. to support your partner financially The AFPS 75 lump sum would independence. It enables us to serve the interests should the worst happen, and be paid to his eligible children or, anything you can do to make these if he had none, to his estate. of our Members as the Armed Forces Pension eligibility enquiries straightforward Roger Jenkins leaves the will make it easier for all concerned. RAF on 31 March 2017 with a watchdog. We hold governments of the day JOIN ONLINE NOW AND RECEIVE If you are leaving with a preserved AFPS 05 pension of preserved AFPS 05 pension, £5,333.57, an AFPS 05 preserved to account, arguing for better pensions and A FREE £150 RAMBLING & ADVENTURE your pension lump sum will be lump sum of £16,000.71 and paid to whomsoever you have an AFPS 15 pension of £1,600. campaigning against unfairness in the schemes. HOLIDAY VOUCHER nominated to receive it. If you He dies 5 years later and, are leaving with a deferred AFPS assuming 2% inflation, his For example, our 2015 campaign won the right for Visit our website at www.forcespensionsociety.org 15 pension, a lump sum of three spouse, civil partner or ‘eligible quoting Promo Code ESR2017 times your pension is payable partner’ would receive an all widows to retain their pension on remarriage. to your nominee(s). If you have AFPS 05 pension of £3,680.43 (T’s & C’s apply). Membership not completed an AFPS Form and an AFPS 15 pension of 2, your spouse, civil partner or £1,104.08. Again, lump sums You will receive a range of other membership for you and your partner ‘eligible partner’ will have to wait would be paid to his nominee. longer for these lump sums while benefi ts, too. costs just £37 per annum. Veterans UK determine eligibility. If you are a Member of the AFPS 05 and AFPS 15 assume Forces Pension Society and have that spouse, civil partner or eligible questions about this or any other partner less than 12 years younger pension-related issue, email us than you. If they are not, there at pensionenquiries@forpen. JOIN US AND GET MORE FROM YOUR PENSION will normally be a reduction in the co.uk. If you are not a Member amount of dependant’s pension but would like to know more payable. If you had more than 37.33 about the Society visit www. Forces Pension Society years’ pensionable service the forcespensionsociety.org.uk . A member of Cobseo 68 South Lambeth Road, Vauxhall, London, SW8 1RL The Confederation Career Opportunities for Armed Forces Personnel Spring 2017 Easy Resettlement Magazine 3 Tel: 020 7820 9988 - email: [email protected] - www.forcespensionsociety.org of Service Charities Testimonial 2017-270x190.indd 2 16/12/2016 13:01 SectionSpring 2017 Heading BECOMING A SKI 72 INSTRUCTOR Contents… Fitness training has increasingly become 3 FORCES 34 PRIVATE SECURITY a preferred career option PENSION SOCIETY CONTRACTOR with service leavers. COVER IMAGE CREDITS Some of you will be leaving Life beyond the services.