From: Richard Orr [email address supplied]
Sent: Monday, 8 November 2010 11:11 AM
Subject: Indexation of DFRDB pensions is not the ONLY anomaly

Good Day Colleagues

Please consider the attached paper for promulgation via your broadcast lists and posting on your respective websites. Jim Treadwell has given his approval for wider distribution by his advice to ‘feel free to distribute the paper as far and wide as you see fit’.

We are still someway from reaching a satisfactory conclusion to the battle for a fairer and more equitable indexation arrangement for our military superannuation pensions. But that should not deter us from preparing the guns for the next part of the campaign to rectify the many anomalies and deficiencies existing in our military superannuation arrangements. There are many.

The use of a life expectancy table in the DFRDB legislation that is some 45 years out of date (and would you believe to the detriment of all of us receiving DFRDB retired pay) is another thorn in the side for many of us. Jim’s paper argues that when we attain the life expectancy used in the applicable schedule in the Act we have paid back the ‘advance’ we received as a lump sum through partial commutation of our retirement pay. Accordingly, our retired pay should then revert to its full value – nothing in the act precludes or militates against this outcome.

Best regards
Richard Orr