Why are the redundancy compensation provisions not the same for both the AFPS 75 and the AFPS 05?
The redundancy provisions are different as they are designed to support two very different pension schemes. The 2005 terms also reflect changes across the public sector on redundancy policies. The main reason for the difference is due to the lower value of EDP when compared with the IP payable under the AFPS 75.
Related Questions
- If I am selected for redundancy under the current round of redundancies, but have opted to transfer to the AFPS 05, must I return to AFPS 75 to take advantage of the higher redundancy benefits?
- Do showcasing bands/musicians receive any compensation from SXSW?
- What compensation is there for redundancy?
