SCHEDULETHE ARMED FORCES REDUNDANCY SCHEME 2020
PART 3Special provision for eligible persons with AFPS 1975 service
Amount of payment: hybrid commitment – leaves before AFPS 1975 redundancy pointI120
1
This paragraph applies to an eligible person who—
a
had their service continued to the end of their commitment period, would have served at least 18 years after having reached age 18 or (in the case of officers only) at least 16 years after having reached age 21, but would not have reached age 60 or been entitled to EDP 2015 payments, and
b
actually ceases service before serving 18 years after having reached age 18 or (in the case of officers only) 16 years after having reached age 21, and before reaching age 60 or becoming entitled to EDP 2015 payments,
and in this paragraph references to service are to redundancy qualifying service.
2
The amount payable under paragraph 8(1) is comprised of an AFRS 2010 style payment and an AFRS 2020 style payment.
3
The AFRS 2010 style payment is calculated as follows—
where—
F is final relevant earnings, and
TS is total service.
where—
RRS is AFRS 2010 redundancy reckonable service, and
TS is total service.
4
The AFRS 2020 style payment is calculated as follows—
Step 1: Take the lower of—
a
10.2% x F x TS, and
b
(10.2% x F X R) + (10.2% x F)
where—
F is final relevant earnings,
R is the number of years’ service that the member had left to serve in their commitment, and
TS is total service.
where—
Q is redundancy qualifying service, and
TS is total service.