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F!GJAM
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F!GJAM asked in Politics & GovernmentMilitary · 1 decade ago

British Royal Marines question..?

I was just looking around on the internet, and came to this website - http://www.royalmarines.mod.uk/careers/pay-conditi... On it, it lists one of the things to expect as full dental and medical, separation allowance and the one that i found interesting.. a final salary pension. Can anyone offer any insight onto this?

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  • 1 decade ago
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    All seamen and marines who have completed twenty-two years service are entitled to pensions ranging from 1 od. a day to a maximum of Is. 2d. a day, according to the number of good-conduct badges, together with the good-conduct medal, possessed. Petty officers, in addition to the rates of pension allowed them as seamen, are allowed for each years service in the capacity of superior petty officer, I5s. 2d. a year, and in the capacity of inferior petty officer 7s. 7d. a year. Men who are discharged from the service on account of injuries and wounds or disability attributable to the service are pensioned with sums varying from 6d. a day to 2s. a day. Pensions are also given to the widows of officers in certain circumstances and compassionate allowances made to the children of officers. In the Navy estimates for 1908-1909 the amount required for halfpay and retired-pay was 868,800, and for pensions, gratuities and compassionate allowances 1,334,600, a total of 2,203,400.

    http://www.royalmarinesregimental.co.uk/regresetgu...

    http://en.wikipedia.org/wiki/Pensions

    I hope this explains what I could find.....

    Source(s): US Army airborne vet of Afghanistan and Iraq who has worked with the "Bootnecks" in the 'Stan
  • 1 decade ago

    If it's anything like the Civil Service then the final salary reflects how much they recieve in pension. It's one of the reasons given that the MP's want a 10% pay increase, becase the labour MP's don't think they will get back in, and the higher their final wage is, the more they will get in pension.

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