- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Pwynt Penodol mewn Amser (01/10/2007)
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The Armed Forces Pension Scheme Order 2005
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Changes over time for: Paragraph D.1
Alternative versions:
- 06/04/2005- Amendment
- 01/10/2007
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Point in time view as at 01/10/2007.
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There are currently no known outstanding effects for the The Armed Forces Pension Scheme Order 2005, Paragraph D.1.
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D.1. Retirement after reaching pension ageU.K.
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Memorandwm Esboniadol
(1) The general rule is that a member is entitled to a pension for life and a lump sum if the member ceases to be in service by virtue of which he is eligible to be an active member of the Scheme at or after reaching pension age.
(2) The pension and the lump sum become payable immediately on the member ceasing to be in service.
(3) The amount of the annual pension payable under this rule is calculated by multiplying one seventieth of the member’s final pensionable earnings by the member’s reckonable service, expressed as a number of years.
(4) The amount of the lump sum payable under this rule is calculated by multiplying the amount of the annual pension so payable by 3.
(5) This rule does not apply to pensions derived from pension credit rights.
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