It is never too early to save extra for retirement, and AFPS15 makes it easy for you to improve your pension by purchasing Added Pension. So each day this week we give you answers to some common questions about the Added Pension provision under AFPS15.
Today’s question surrounds the McCloud decision…
Q. So what happens to any Added Pension if the member transfers back to AFPS 75 or AFPS 05?
A. Some of you may have been transferred to AFPS 15 from AFPS 75 or AFPS 05 under provisions which have since been ruled as discriminatory. The consultation document on the remedy proposed to address the discrimination contains plans to ensure that those who purchased Added Pension under AFPS 15 rules and then transfer back to AFPS 75/05 would have the value credited to those benefits.
Check back tomorrow for your final question in this Q&A Series