SCHEDULETHE ARMED FORCES REDUNDANCY SCHEME 2020
PART 4Special provision for eligible persons with AFPS 2005 service
Amount of payment: long service commitment – leaves before EDP 2005 pointI125
1
This paragraph applies to an eligible person who—
a
had their service continued to the end of their commitment period, would have reached age 60 or become entitled to EDP 2015 payments, and
b
actually ceases service before either reaching age 55 or becoming entitled to EDP 2005 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 2006 style payment and an AFRS 2020 style payment.
3
The AFRS 2006 style payment is calculated as follows—
where—
F is final relevant earnings, and
TS is total service.
where—
RS is AFRS 2006 relevant service, and
TS is total service.
4
The AFRS 2020 style payment is calculated as follows—
Step 1: 10.2% x F x TS
where—
F is final relevant earnings, and
TS is total service (to be no more than 20).
where—
Q is redundancy qualifying service, and
TS is total service.