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The Armed Forces Pension Scheme Order 2005
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The Armed Forces Pension Scheme Order 2005, Paragraph 33 is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Schedule 3 Paragraph 33:
- Sch. 1 rule E.21(3A) word substituted by S.I. 2025/188 reg. 3(2)(c)
- Sch. 1 rule A.1(4) words omitted by S.I. 2025/188 reg. 3(2)(a)
- Sch. 1 rule A.8(4) words substituted by S.I. 2025/188 reg. 3(2)(b)(i)
- Sch. 1 rule A.8(4) words substituted by S.I. 2025/188 reg. 3(2)(b)(ii)
Changes and effects yet to be applied to the whole Instrument associated Parts and Chapters:
Whole provisions yet to be inserted into this Instrument (including any effects on those provisions):
- Sch. 1 rule E.21(3A) word substituted by S.I. 2025/188 reg. 3(2)(c)
- Sch. 1 rule A.1(4) words omitted by S.I. 2025/188 reg. 3(2)(a)
- Sch. 1 rule A.8(4) words substituted by S.I. 2025/188 reg. 3(2)(b)(i)
- Sch. 1 rule A.8(4) words substituted by S.I. 2025/188 reg. 3(2)(b)(ii)
[F1Information provided on or after 1st October 2023: calculation of pension creditsU.K.
This section has no associated Explanatory Memorandum
33.—(1) This paragraph applies where the Scheme manager must determine an appropriate amount for the purposes of section 29 of WRPA 1999.
(2) For the purpose of calculating the appropriate amount, the Scheme manager must determine—
(a)the cash equivalent of D’s remediable relevant benefits on the valuation day as if those remediable relevant benefits were in this Scheme (“the legacy scheme cash equivalent”), and
(b)the cash equivalent of those benefits on the valuation day as if they were in the reformed scheme (“the reformed scheme cash equivalent”).
(3) For the purpose of calculating the pension credit, the Scheme manager must use the greater of—
(a)the legacy scheme cash equivalent;
(b)the reformed scheme cash equivalent.]
Textual Amendments
F1Sch. 3 inserted (1.10.2023) by The Armed Forces Pensions (Remediable Service) Regulations 2023 (S.I. 2023/998), reg. 1(b), Sch. 2
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