SCHEDULETHE ARMED FORCES REDUNDANCY SCHEME 2020
PART 2Eligibility, entitlement and amount of compensation
Amount of payment: regulars on long service commitments leaving after EDP 2015 point10
1
This paragraph applies to an eligible person who—
a
has joined the regular forces on or after 1st April 2015;
b
ceases service before the end of their commitment period, but on or after becoming entitled to EDP 2015 payments or reaching age 60.
2
Subject to sub-paragraphs (3) and (4), the amount payable under paragraph 8(1) is equal to the person’s final relevant earnings.
3
If the number of remaining years that the person had left to serve in their commitment (“R”) is less than 4, the amount payable under paragraph 8(1) is 25% of their final relevant earnings multiplied by R.
4
If the person has 40 or more years of pensionable service as a member of AFPS 2015, the maximum amount payable under paragraph 8(1) is half of the person’s final relevant earnings.